Quote:
Originally posted by Nathans_Dad
I do my own investing. I have had 2 financial planners in the past, neither of which I was very impressed with. Funny how the mutual funds they offer tend to be the ones that give them the best commissions.
I use index funds for the core of my portfolio, Vanguard tends to have the lowest fees that I have seen for indexes. It gives me a solid diversification in the portfolio, then I have about 30% in individual stocks. I am young so none of my stuff is in bonds or other more conservative vehicles.
I say do it yourself!!
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Good advice. Especially relating to your age, your goals. When young, assume more risk in hopes of more reward. As retirement gets closer, begin adding bonds. Actually though, U.S. Treasury I Bonds, inflation protected bonds, are offering some damned attractive rates right now. You can open your own account with treasury direct, or you can buy them at your bank. No risk to capital, interest earned is not subject to any state income tax, and the yield is currently around 7%. Since Warren Buffett's right hand man was predicting a 6% gain in the total market for '06, well...let's just say we're older than Nathans Dad...
