I hate when people make broad based assumptions that pick any etf and you will do well. There are just as many ETFs that make little money as there are that make very good returns. When getting into any ETF or index fund (my 2 preferences), do your homework/research before picking anything.
I will never let somebody tell me how to handle finances/investments. My wife knows who to call that is a vp of a brokerage firm when I can’t do it for any reason.
I’ve helped many friends over the past 15 years that had advisors/brokerage houses manage their portfolios and they all did a terrible job. Just like a poster here mentioned maybe you will make 6 or 7% on your investments with an advisor. If I only made 7%, I’d move everything to a money market where there are no fees and no risk.
Some of my friends were making 3-5% in loaded managed funds that their advisor/broker got them into and managed funds have higher expenses and much more turnover which you have to pay at tax time.
I was an etf/index fund guy but since the 1st week in April when everything took a dive and people were talking about recession coming up, I got into a dozen stocks and they all shot up, 1 over 100%, a couple 50% gains, and others in the 20-30% gains, all in less than 3 months. I sold all the big hitters and got into very well known stocks that had big dips in the last 6 weeks, which have done very very well, some with 5-7% gains a day.
No advisor except hedge fund guys will do this kind of investing for you.
When you’re retired, take some time to learn this stuff. What else are you doing? I spend 1 hour a day reading investment type books and have for decades. Read the John Bogle Boglehead books to become an indexed fund investor, and yes, not all index funds are alike nor do they make the same amount of money.
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