Quote:
Originally Posted by MikePgh
If you want someone to make the decisions for you and manage your portfolio then you want a fee only advisor. A Registered Investment Advisor has a duty to put your interests first. It’s called a fiduciary obligation.
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The fee charged should be disclosed, and when and how it is taken out of the principal.
Be wary of small independent regional firms where annuities are their biggest product.
Annuities can/may be part of an overall portfolio, but should not be the entire portfolio nor the largest part of the portfolio.
Right now, government short term TIPS are an excellent buy
For bonds, remember that bonds are very favorable when there is a large real yield
Real yield is the interest rate minus the latest annual (year over year) inflation rate.
If the real yield is 4%, example 6% bond yield with a 2% inflation rate, you are making a very good return on the interest rate and bond investment.
good luck to us!