Posted: 12/22/2025 5:18:28 PM EDT
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I am 69 and don't need income at this point. Retired 4 years. I spend a couple of hrs each day, mainly individual stocks. I am ready to quit and take back that two hrs/day. At this time looking for growth. I go through about $7K monthly expenses, well covered w/ my other income. Any other recommendations or ETFs? |
Orwell and Huxley were optimists!
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I would put it into a low cost index fund of your choice and forget about it. Lowest risk would be a total market fund, then an sp500 fund, then a nasdaq fund. I would also move it all to Fidelity or maybe vanguard, but that’s just me. Fisher funds likely have very high expense ratios, but if you like their service just buy ETF version of your preferred index fund. Fidelity/vanguard/blackrock have etf versions of all three big index funds and all have very low expense ratios. If it’s a really big pile of cash consider scheduled buys every week or month over a year to guard against buying right before Great Depression 2.0. |
Moderate-Length Barrel Evangelist
Joined:
Jun 2022
Posts:
4722
EE: 100% (11)
USA
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^ What he said. One review’s opinion. Will that >1% fee buy outperformance of low-cost index funds in a self-directed account? 1% is a bigger drag on performance than it sounds like. Index funds would get you your 2hrs back without that drag. |
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First to answer your question, have some friends who use Fisher and are happy with the results. But, I think they are paying them 1.5% We were in a similar situation to you. Our stuff is at Fidelity and they recommended two different Financial Advisors for us to interview. We liked both but selected one. Have only been with them 6 months or so but happy so far. We are paying about .95% for their services. Comes with a few extra benefits. 1. In house tax advice and preparation included in the fee. 2. Access to investments (Private equity etc...) that we didn't have at Fidelity alone. Allows for a portfolio mix that is more diversified (lower beta) with a higher projected rate or return than I can manage. And all I have to do is watch. 3. Our firm happens to be located just down the road and offers some local perks like free tickets to college sporting events and free access to a premium golf course. (They play an LPGA event there annually) The biggest factor for me was being able to step back and monitor what the "professionals" were doing to manage our money. I have the skill set to manage it myself, I just really don't want to at this point. |
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Father in law uses Fisher for his growth focused portfolio. Does not use them for tax advise or any other aspect of financial management - only growth. They use individual stocks 100% and rotate often. His is all in tax deferred IRA, so trades don't have capital gains impact. He is happy with them. Not thrilled they seem to change assigned advisors a LOT more frequently these days. |