Quote:
Originally Posted by DETRoadster
Quote:
Originally Posted by Flying Ace
But since you already have an investment advisor, then why are you here? lol
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I know, right?
Spreading my risk. My guys are paid a straight percentage so while that keeps them honest with respect to what investments they pick, it also incentivizes them to grab the largest slice of my investment funds possible. So I always take that into consideration. They have about 50% of my total portfolio and are itching to get their hands on a nice little chunk that I have poorly invested in some annuity BS my last advisor steered me in to 7 years ago. I'm considering moving that and trying to figure out where. Hence all the questions here.
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Great thread and question. Advisor status is irrelevant. Nobody should blindly following their advisor. I have same issues. I am sitting at about 25% equity due to large influx of cash. Tough time to put it all in market! Maybe go up to 50%?