What have you read, exactly?I am what I consider bright, but no matter how much I read up on investments , it's not my thing. So doing this myself is not an option.
Try reading these, in this order:
The Arithmetic of Active Management - William F. Sharpe - 5 min read
Risk and return: application - wiki - 5 min read
If You Can - William J. Bernstein - 20-30 min read
Bogleheads® investment philosophy - 15 min read
If you still think you cannot do this yourself after reading that, then you will at least know what to look for (and what to run away from) in an advisor:
- does not charge an assets under management (AUM) % per year fee
- only suggests low fee mutual funds or ETFs with an expense ratio as close to 0% as possible (1% is way too high, 0.50% is too high, 0.20% is decent, 0.10% is good, <0.10% is great)
- does not suggest mutual funds with sales loads or redemption fees
- does not suggest more than 5 funds total
- buy and hold only, will not constantly keep buying/selling/exchanging different funds
- takes the time to try to figure out your risk profile
Statistics: Posted by Beensabu — Wed Mar 12, 2025 12:58 am