There is only one person who will always have your best interest when managing your money. Only one who will not try to sell you something. That person is you.
Managing your money is pretty easy, takes very little time and will be rewarding. If you don't do it today then take the time to read some books, understand the markets and move to self management. Here are some books I would recommend.
- The Investor's Manifesto
- Common Sense on Mutual Funds (updated edition)
- Wise Investing Made Simple
- All About Asset Allocation
- Why Smart People Make Big Money Mistakes
- The Bogleheads' Guide to Retirement Planning
Any book by William Bernstein, Rick Ferri, Larry Swedroe would also be good.
I follow a Lazy Traders 6 fund slice and dice model. It uses very low cost index mutual funds that cover the total US and global markets with a small cap value tilt. Some people add REIT's and commodities to create a total portfolio. I dont use REIT's as I have other RE investments. I do add a small amount of commodities.
The only challenge I see for doing it yourself is determining your risk tolerance, what you should hold for an asset allocation and following your investment plan. I would be happy to help anyone who needs some guidance for free. It really is not hard to do and the savings really add up fast.
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Life is to short to drink cheap wine.
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