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Unconstitutional Patriot
Join Date: Apr 2000
Location: volunteer state
Posts: 5,620
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Given the choice, I'd rather reduce expenses than increase income. You may not have that option, but you can still manage your own account and meet or beat the market. Subscribe to forums like Morningstar and Value Line. That will give you research to find great stocks and mutual funds.
If 10-15 hours per month is too much time, you can step less. You can buy 4 mutual funds that will essentially give you market returns.
Vanguard Total Stock Market, VTSMX
Vanguard Total Bond Market, VBMFX
Vanguard Total International, VGTSX
Vanguard Developed or Emerging Markets Index
I prefer the former route. I have a mix of stocks and mutual funds. I think I can beat the market.
{edit:} Ameriprise was recently fined by the SEC for market-timing activities. That basically helps the select few and hurts the little guys like you.
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