Yeah, that would make sense if we had any semblance of capitalism left. Government regulation and complication have created excessive barriers to entry.
View attachment 329934
From this article:
Spiking Covid deaths and the treasury suddenly "remembering " about the national debt will definitely be battling vaccine optimism in the short term. Bill Ackerman has gone back in on CDS's though who can blame him for how well it worked in Feb.Another Blow for the Winter economy!
I just made the decision to move away from a managed portfolio that had about 2/3 of my holdings. They performed slightly better, but in the end, just enough extra to pay the management fee. In good years it was tolerable, weak years not so good.I got lazy. Finally moved my whole portfolio (outside of 401k) to be managed with Fidelity about 3 months ago. They gave me a really good fee for managing it all. Before that I basically just used the same 30 year old mutual funds were not very tax friendly. Right now they are doing about the same return that I would have done on my own, but hopefully they will structure will benefit me more come tax time.
We will see in the long term if its worth it, but at least its nice now not thinking about it as much and letting them run with it.
I just made the decision to move away from a managed portfolio that had about 2/3 of my holdings. They performed slightly better, but in the end, just enough extra to pay the management fee. In good years it was tolerable, weak years not so good.
Sent from my SM-G986U using Tapatalk
I plan on leaving my real money alone and continue to let the professionals handle it. I'm just playing around in robinhood right now. I'm trying to figure out my "strategy" though. I am a "buy and hold" kind of guy and so far everything I have bought so far I plan to ride for a while. I've been watching the top 20 movers and am real tempted to start buying and selling off that list. Big risk big reward though.I was a bit torn but my fees are less than .75% so it’s not bad. And I never paid attention before really and didn’t plan to. We will see how it works out I guess.