Quote:
Originally Posted by CFP James
After 36 years of Mutual Fund experience, I would recommend a SMA (Separately Managed Account) with a manager that only purchases Dividend paying companies.
If Manaboutown has over $300,000 to invest, the SMA is less expensive and a better alternative to a Mutual Fund.
I wish lower minimums were available for SMA's so more investors could experience the benefits of personally owning shares in each of the stocks chosen by the manager of the SMA.
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Thank you for this. It seems to me a SMA is similar to an old fashioned account with a stockbroker who manages it for an investor for a fee. Is it that or something else? It appears that with SMAs one can have several portfolios, each managed by a different manager, though.
ruhttps://www.investopedia.com/articles/mutualfund/08/managed-separate-account.asp
I have been managing my own stock and bond portfolio since I bought my first stock at age 17. It has been more like a hobby as most of my assets have been in commercial real estate. Yet I will reach 80 early next year and have grown weary of the headaches active real estate management involves. In fact next year I plan on selling another multimember LLC owned property. That will leave me with only a handful of properties I own entirely (without others) which should hopefully mean fewer headaches.
Being a fan of Consuelo Mack and Bill Miller I may go with some of his ideas (not the Bitcoin).
GREAT VALUE INVESTOR BILL MILLER DISCUSSES HIS CORE HOLDING WINNERS AND RECENT PROMISING ADDITIONS : WealthTrack