Points With a Crew
Level 2 Member
Are there forum posts or blog entries about the best way to manage investments? I have maybe $100K in various 401k / IRA accounts that are probably not very well managed. They are currently in a series of different index and mutual funds.
I recently switched jobs and as part of that, I know I can move my 401k to an IRA (and I think my pension as well?) but I'm having trouble figuring out the best way to do that.
I met with an investment firm that came recommended me and they made a presentation that basically boiled down to - they invest in index funds representing undervalued sectors and buy low, sell high, etc. They charge 1.25% to do so.
One thing that they mentioned that I hadn't thought of is that I am already paying fees that are inherent in the various funds that I am in - I just don't see them because they're only disclosed in the fine print, not specifically taken out of my account.
I've seen a few mentions on the blog of some online sites that basically do this (including one this morning on FutureAdvisor) but I thought I'd post something in the forum for some ideas.
I'm fairly savvy but just don't have a ton of time. I think I would be able to periodically manage things every few months or so which is probably all it would make sense to do to cut down on purchase fees.
Any thoughts are of course appreciated.
I recently switched jobs and as part of that, I know I can move my 401k to an IRA (and I think my pension as well?) but I'm having trouble figuring out the best way to do that.
I met with an investment firm that came recommended me and they made a presentation that basically boiled down to - they invest in index funds representing undervalued sectors and buy low, sell high, etc. They charge 1.25% to do so.
One thing that they mentioned that I hadn't thought of is that I am already paying fees that are inherent in the various funds that I am in - I just don't see them because they're only disclosed in the fine print, not specifically taken out of my account.
I've seen a few mentions on the blog of some online sites that basically do this (including one this morning on FutureAdvisor) but I thought I'd post something in the forum for some ideas.
I'm fairly savvy but just don't have a ton of time. I think I would be able to periodically manage things every few months or so which is probably all it would make sense to do to cut down on purchase fees.
Any thoughts are of course appreciated.