FA

Arianis_Grandis

If anyone here has an Android phone and is interested in testing a small personal app I made, I’d appreciate the help. It gives you a quick view of your portfolio performance without brokerage login, 2FA, or any brokerage connection. No trading or financial advice—just a read-only personal tracker. Reply here and I’ll DM the Google Play testing steps.

steadfastadvance

I'd say if you're w-2 only, you don't need one. Wife and I have multiple streams so we use one. Not there yet to need an FA.

Devario

My ex could barely do her own taxes and all she had was a w2 and a backdoor Roth and now she’s an FA, so…

GAV17

Actually better than FA buying individual stocks and trading their clients portfolios.

SnooMarzipans9536

That was my main concern too, but it honestly seems pretty reasonable if it truly is an unlimited Roth IRA. Like I will never pay tax on this money as long as I don’t touch it until I am 60? My premium is $90 a month for a 400k benefit but I don’t give a shit about the benefit. It’s nice but the point of this was being able to access a Roth IRA analogue when our combined income is 500k per year. I def agree that paying the FA \~1% is not appealing, but it’s not a requirement to have the IUL as far as I can tell. I can’t pick stocks but I think it’s just like broad index fund or mutual funds? I should still be able to expect it to track the S&P and get 10% on avg.

el_dude_brother2

Its more about avoiding tax, inheritence and retirement planning tbh. Your FA cant/wont out perform an index fund but it can save you money at the right time.

SnooMarzipans9536

Reading about that, it actually seems like that’s what I got. They called it “permanent life insurance” which I took to mean whole life, but it seems like it’s IUL based on what I just read. We max my 401k and my wife’s 403b, and we both opened one of these policies last month. Our combined income is too high to contribute to a Roth so this seemed like an unbelievable thing to do as a safe vehicle for retirement. The actual FA dude said he was putting 40k in his own each year. Their numbers showed millions in tax savings by doing these and we could retire at like 48

Yogurt_Up_My_Nose

no, people with more than maybe 2-3M should probably have a FA just to deal with taxes and extra shit they don't want to deal with.

Philostronomer

I'm 38, spouse is 26, last year our FA got us a nearly 20% ROI which we certainly wouldn't have been able to achieve alone.

BaconSarnie2025

No. Its not needed so much in Europe. We have free college, free healthcare, five weeks paid vacation, and living minimum wages. Nobody here needs $2m to retire - which is what my FA told me when i lived in the US. Its why we moved back here.

Sihtegroftnod

You’re holding?…..at this point…..don’t take this as FA but I would hold the motherfucker…..

Cboisjolie

Yeah that dynamic + the dollar amount immediately made me think it’s bullshit. OP is either full of shit, or insanely dumb for posting his client’s account performance on Reddit. Risking your client (if the post it ever got back around to him, that’s a big client who will leave immediately) and your job (breach of client confidentiality; firing and potential complaint going on your permanent record for anyone to see on Brokercheck). Also what fucking client would do this and share it with their FA? I’d find a new advisor before I told anybody about a 99.99% loss on a $10MM account lmao

snatchdaddy69

Top is in? Oh fuck. Panic selling rn. Ty for FA wise one

Material_Honeydew669

I tried a few times, each time more than 2 years, to DIY invest. Bad idea. My FA has made me more money despite the high fees. So the habit that makes a difference is understanding myself.  

CornerOne238

I agree, slow shifting into income generating assets is a good path forward. The thing is, most FA I met hate dividend stocks and will either recommend bonds (in this environment, no thank you) or some funds that generate ton of ordinary income (the FA I went to tried to sell me on JEPQ in taxable with a straight face). Last year another FA tried to get me into "alternatives" aka private credit / equity which soon after turned out to be just exit liquidity for private fund investors. I had to self educate myself a lot about dividend funds, cefs, mlps, and cc etfs. Ended up making a test portfolio which generates about 10% yield and no NAV erosion (at least so far), but it required a lot of spare time. My main concern right now same as OP is capital preservation, which is mostly in taxable index funds. Using protective puts for now but hoping to figure out a better way.

Electronic-Advisor72

2FA

RiffyWammel

Every country should just send their own navy to escort a bunch of their own vessels and tell pedo Mussolini he can have 20% of sweet FA as were doing out part, as per his previous email

WorldlyWar2143

Not sure where that first sentence of your paragraph came from, what are you my FA? Emotions brother, quit crying lmao You understand the difference between losing 100% of your position vs 100% of your portfolio? Even the riskiest of bets can pay out handsomely if one learns to leverage their own money into those bets properly. If you're all in shares, the real question is, what are YOU doing here?

drainconcept

Pretty sure he’s still in the FA part.

fn_gpsguy

Your current FA gave you a sweetheart deal at 0.7% for AUM on an $85k account. I wouldn’t expect much from help from him, given that he’s only making $600/year from you. Frankly, he may hope you move your account elsewhere. Some FA’s only take on clients with a minimum of $500k - $1M. I know your mom has $900k, but she’s a separate client. As far as my comment on “years to liquidate”, we know that you are concerned about capital gains affecting your Medicaid eligibility, but we don’t know how much your capital gains would be if you had to sell those four mutual funds. Nor, do we know how much room you have between your current income and the upper limit for Medicaid eligibility in your state. I don’t have those limits. I rarely sell, but when I do, I use tax loss harvesting to minimize it or possibly reduce it to a $3k capital loss. I’ll admit I have a couple of losers in my portfolio. Is your uncle the one who works for Lincoln Financial? While you can certainly talk to him, I wouldn’t use their services. He might want to sell you things like whole life insurance or their proprietary funds. I’d ask your brother where he has his investments.

fn_gpsguy

As others have said, you shouldn’t need a FA for an $85k account. For the size of your account and the below market rate that he’s charging to manage your account, I wouldn’t expect him to invest these $600 deposits more frequently than quarterly at best. That being said, I understand your concern about managing your $85k yourself. I would start small. Open a taxable brokerage account at one of the discount brokerages like Fidelity, Schwab or Vanguard and start making your $600 deposits with them. Consider buying a low cost S&P 500 ETF like FXAIX or VOO. Once you are comfortable in managing your new account, consider doing an ACATS transfer from your $85k account to the new one. The new company can assist you with that. Assuming the $85k account doesn’t have any proprietary investments, you should be able to transfer the contents of it “in-kind” without having to sell anything (and creating capital gains). Say for example you own 5 shares of NVDA. After doing the transfer, you’d still own those 5 shares of NVDA.

Music4thesoul10

oh, i see... My FA is about to become a deacon..i feel like he does right by people,loll

CornerOne238

Maybe your FA is just on vacation? Tbh 85k is such a small amount I wouldn't be surprised if he's managing it using algorithms or just as an afterthought. It sounds like you are trying to avoid realized gains. If that's the case just buying SPYM or VOO yourself would be much easier.

Workingdad_83

FA don’t use this guys bot.😂

Acrobatic-Ostrich168

Okay. TA and FA time. MU hitting a 200 MA today, I think this is where we reverse. RKLB 200 ma at like $80, let’s start to see buyers. Meta pumped on news of an ai image tool, ai trade still intact; however, I’m wary of frothy af cloud and Ai companies. NVDA chart isn’t looking the greatest but it’s a value and growth stock at this price. Indexes still near ath showing a rotation, too late to chase defensive sectors, hoping space and semis are back on the menu ASAP

PlasonJates

I've only ever used crypto for darkweb transactions, just as god intended. Trying to log back into an exchange after being logged out for 3 months is enough of a deterrent for me to ever want to use it for anything else. It's laughable how much 'security' crypto exchanges require now despite the fact that 99% of coins are used for pump n dump schemes. All those 2FA and verification hoops to jump through just for people to gamble their life savings on le silly meme dog, lmao.

DunnTitan

‘The market’… being the problem with this statement. Many individual stocks were minimally affected, and of those that were, most returns much faster than the indexes. Well selected investments, reviewed for ongoing performance at regular intervals will outperform indexes. Lastly, for the OP, at your age I am surprised your FA has any bonds in the mix. Time IN the market beats timing the market. A good firm will wargame various market scenarios and can give you likelihood of success type evaluations based on historicals. Even with black swan /tail risk events, good assets will outperform over time.

CitizenPremier

Two days ago the IBKR app updated and I wasn't able to login without a 2FA security code set up on my device. I guess they are really concerned about security. Another secret update came through I think, and now it works... In fact I can login with full admin access on my account just knowing the 4 digit code for my phone 🙃

mmaisumm

Facebook now has 2FA

OdessyOfIllios

My FA told me we're risk off on Friday. So naturally I'm full porting into calls.

One_Advantage_7193

But why are you guys fighting over hypotheticals. MSFT hasnt been as dumb as ORCL atleast yet, they got out of exclusivity with OpenAI, and are openly cancelling initiatives that isnt working for them, they are in the FA stage and dynamically doing changes as per the what they see in the FO step. And i think they have the leeway to do that, eventhough history teaches that they arent very good ad this, atleast as good as google.

SaltySnacksDietCoke

I am usually on the side of the User since I had a crazy shitty experience with QTrade and on Reddit no one seems to believe me... but I am also an FA and man Fidelity ROCKS ! Their customer service is TOP NOTCH. I transferred millions out of a client of them and they were helping me every step of the way.

ChannelGullible7324

Lmao with what? There lil pissy drones or worse .....lil speed boats? Iran is about to FO they have FA long enough

AnnaSmiled2

See what happens because the OP said brokerages are warning. My FA/broker told me the same thing last month. I am retiring in 9 years. A lost decade(10years) is not a good thing for me ;)

The_Real_C_House

I mean no anyone can do it, it’s just not economical unless you’re well off or with a good advisor that has bargaining power. I’m an FA and my company has negotiated margin rates with our custodian to where it’s essentially 4.5% right now (floating rate with fed funds) whereas if you tried to borrow off the street with a non negotiated rate it’s probably 10-12% interest depending on where you look That said company insiders usually can’t borrow against their company stock as it could constitute a form of insider trading, so NVIDIA employees would probably need to sell to use any of the funds

happy123z

Every generation... blame the one before... Fr, though, I'm very new to self directed investing. January 1st this year! Can you imaging what that's like haha. "Ooh, silver is more valuable now? Whoops! ASTS will connect every human? BOOM! OPTX makes lenses or something? Wheeeee!" I'm going SLS, SIVEF, MUU to the moon and rotating into DRTS, ASTS, and Pesorama as the money comes in. Also FIX go up. Seeing all this Mag7 talk then looking at the charts is like "Huh?". I get it: they make a lot of money... and the price goes down. We have tons of information now. Not a yearly check up with a FA on a phone and a dusty newspaper every day. Keep shit pushing or keep shit moving.

Brassballin

buy and HODL, HODL and buy. rinse and repeat. not FA

1SupremeMind-Money

Sell your shares, deactivate your account and come back in a few years when your a lot smarter. FYI, this is not FA.

Zestyclose-Gur-655

I think he mostly uses FA then combines with with ta to get a good entry or exit. It's a macro trading fund...

Financial-Trainer972

I terminated my agreement with an FA cor my self managed 401k for many reasons in the beginning of March. I ran all of the investment choices through as many scenarios that I could find. The consensus that I found was that they built their own mini fund. I am still trimming a significant amount of individual stocks and getting them into ETFs, some bonds funds, etc. currently 60/40 stocks. It will take me some time to unwind

__nameless____

are we in the FO phase of this iran war, or are we still messing in the FA?

Pleasant_Gold_3634

PLTR is one tweet away from being parabolic - NOT FA

investingaccThi

This stock has never been about what "the fda tells you", but about the science behind it. When you look at the science (all the trial results etc.) and how the FDA reacts to that, it should tell you more than enough about how this company is valued. IF these results hold up in larger rGBM patient groups it will be groundbreaking. And this treatment is for way more cancers than just rGBM. Not FA but just take some time to do the research, this company will not stop surprising you.

AllCapNoBrake

[Who all took my FA?](https://www.reddit.com/r/wallstreetbets/comments/1u85wuy/comment/os7r67f/?context=3&utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button) https://preview.redd.it/ia25jfexiz7h1.png?width=1315&format=png&auto=webp&s=3eb95cbce569dcda454f6284c874fafcb8b7f9fe

Consistent-Load8293

not a thousand for me either, for your account and you build your own shit back up but we will work on some things, how much do you study PA TA and FA? do you follow the SPY DIA QQQ for the day or how do you trade man lets figure this out

shawnxsather

https://preview.redd.it/yavfpf2k0x7h1.jpeg?width=904&format=pjpg&auto=webp&s=c8ba633124fb5d2c5dd8628f24ba3934e87d6324 He will be back. They always come back. Right now He’s just in the FA phase of FAFO.

Ziegelmarkt

I will after they split maybe. Bought at $275 because my FA at the time thought I needed dividend stocks. Sold at $820 when I realigned it all on my own. I moved in to Semiconductors hard and haven't looked back. Everyone was bitching and moaning about how the economy sucked leading up to the '24 elections but just on the 8 mile route I regularly take from my house to my "favorite" Kroger which is also near my barber, my kids school, and their Dojo there were I think 15 commercial buildings going up for major household brands. There are also 5 "upscale" subdivisions that either broke ground or are wrapping up in that same 8 mile drive. And we're talking about a very small area of Western Cincinnati which isn't exactly a megalopolis. There will always be construction demand regardless of who is in office because we'll always have speculators building subdivisions and we'll always have shareholders pushing companies to build more retail sites - until they go bust.

johnnyshots22

CISS  current Price $2.28 Q1 Revenue 10X current market capital Positive Net Income Cash on hand 25X  Current Market Cap Assets Increasing Zero Debt Extremely Low Risk for Dillution 500k tiny float The set up is there . Not FA . Due your own DD. But man this looks good to me.

Additional-Youth5919

no idea what's the name of the Authenticator, but it came from 1Bitcoin.ca <no-reply@1bitcoin.ca> and it says Hi , Authenticator app connected Two‑factor authentication (2FA) was set up for your account. Keep your authenticator device secure.

MitchCurry

I just mean if you're paying a FA fees to manage your 401k, I would call that lighting some money on fire.

SuRRon23

Pay the 1% for a good financial advisor who is a fiduciary. IF you had done this 5 years ago, you would have around $1M~ based on average annual rates of return. A good FA will hopefully beat averages, and know how to re-allocate and hedge against volatility.

Financial-Trainer972

My FA had me too heavily invested here. I fired him and trimmed my position to a more reasonable number

govitra

Agree with your thesis on drones, but why only these two tickers? The money you're referencing is going across the defense industrial base for unmanned systems, and includes a ton of stuff around the ecosystem, not just drones for those two companies. See page 729 of the budget book here under "A. Mission Description and Budget Item Justification": [https://comptroller.war.gov/Portals/45/Documents/defbudget/FY2027/budget\_justification/pdfs/03\_RDT\_and\_E/RDTE\_OSW\_PB\_2027.pdf](https://comptroller.war.gov/Portals/45/Documents/defbudget/FY2027/budget_justification/pdfs/03_RDT_and_E/RDTE_OSW_PB_2027.pdf) Not to mention it will likely be highly competitive as that space is becoming incredibly saturated with different technologies, from large and small companies, which doesn't guarantee success for these two tickers (though don't get me wrong, they're not bad tickers to choose and I believe in them as well). Additionally, looking at both these tickers, we see for Aerovironment, their obligations (which is a fancy term for money promised to be paid to them by the government) since 2022 look like this (FY26 still partial, obviously): https://preview.redd.it/rur5rdwj8r6h1.png?width=1344&format=png&auto=webp&s=753b423c7eba9d90179f610db36a35d4451c89e4 This is stacked by award ID and includes their OTA awards (if you don't know what OTAs are, google it). Their revenue is dependent on a few big contracts each year, which is a little concerning at first glance, but diving deeper, that big blue one in 2025 is a sole source (W91CRB25F0094) for their Switchblade 300 and 600 loitering munitions, with an end date of this October. The teal one in 2026 (W91CRB26FA055) is for "Low Altitude Stalking and Strike Ordnance", also sole source. This is good in the sense that they're getting sole sourced, but bad in the fact that it's showing their gov't awards are highly reliant on a few contracts. The other factor here that plays a role is that the DoW is pushing for more suppliers and more vendors of the same product/service, not fewer, and the funding you mention is going toward just that, so will these still be sole sourced in a year? Maybe. Maybe not. So something to consider. Let's turn our attention to AEVEX (see my next comment since I can only post 1 pic at a time)

japan_eq_nerd

Sorry, this got long — you asked good questions lol. On MHI — yes, the defense contracts are typically signed years in advance with fixed delivery schedules. The Australian frigate contract involves licensed production of the Mogami-class design, which means domestic shipyard work for over a decade. Revenue recognition is slow but extremely predictable. Main risks: yen appreciation, any shift in Japan's defense budget, and execution risk on new platforms. On MEC vs MHI — you're reading it right. MEC's near-term story is tied to FA (factory automation), which has been soft partly because Chinese manufacturing capex slowed. Power semiconductors are solid long-term for EVs and data centers, but China exposure is a real drag right now. The stock being down reflects that — plus their FY2027 net profit guidance actually came in below FY2026 actuals, which the market didn't love. MHI is the cleaner structural play if you believe in Japan's nuclear restart and hydrogen/fuel cell buildout. Slower, less exciting, but revenue is basically government-contracted years ahead. Less correlation to whatever theme is buzzing this quarter.

plairboicarti

i know i’m just a simple laymen and i’m not trying to shill, but how could connecting your brokerage account significantly increase your security risk? I think you guys are overstating the risk. You should have 2FA anyways

KetchupOnNipples

Yeah I want to find like some TA PDFs to upload to it so it know exactly how I want it and which things I want it to look for in confluence with FA and Volume

KetchupOnNipples

Im going to see since it can find and analyze FA for me, if I make specific TA to go along with it to follow, and set rules on when it should look to buy if FA and TA are in sync, what percentage as a SL/TP (tailor it off and make trailing), etc. I think a simple set up with mechanical rules would be sick to see how it plays out. not looking to get rich, but its cool to see what it can and cannot do.

Regular-Employer-431

Discuss investing with all your peers then confirm their claims with your FA. don't invest any more than you can afford to lose.

2WhomAreYouListening

LISTEN TO THIS ADVICE! I have a friend who is an FA and he is just a salesman for his bank’s products, switches clients investments just so they think he’s actively watching their money (and collects fees every time), and truly works maybe 5-10 hours per week now that he has enough clients that their (high) fees pay him handsomely.

DoctorNezuko

I have a bit of a unique situation. Having a FA for me allows me to distance myself from my investments. Otherwise people might be a bit concerned about doing insider trading, and I don't want to have to defend myself constantly.

Ziegelmarkt

Just do what I did. Use an FA but make sure you milk them for all the information you can. Do that for 1-2 years (or as long as you think you need to learn the ropes) and then fire them and start self managing.

HugeRichard11

There’s really two big aspect you need to know for investing. Picking the correct stocks that go up and taxes. For stocks that is easily solved by picking index funds where a bunch of smarter people than all of us manage it. Now for taxes I’d maybe say it’s worth it to have a FA to guide you on the best ways to handle tax sale implications or tax advantaged retirement accounts. There’s also the aspect of how much you have invested to consider. If it’s a low amount I’d probably just stay the course, but if it’s a high amount getting a professional involved might be beneficial.

ShakeAndBakeThatCake

I agree. But I also think with AI we are going to see some more AI based FA solutions that make DIY even easier.

Due_Pen_1566

If you get a FA make sure their fees are flat and not percentage based. If they are flat fees they are interested in helping you as a customer. If they are % based they're interested in helping themselves to your money as fast as possible whether it goes up or down. Personally I think it's better to learn the basics and understand that just buying into general indexes will outperform 99% of advisors But I also understand not wanting to know. Not everyone has to be knowledgeable about everything. That's kind of how society runs everyone just knows what they want to/need to know and society fills in the gaps. If you want to know I would recommend starting by reading the side bar on r/personalfinance

LuciusQ2020

Talk to your bank or your company’s benefits department. They can offer you a few FA choices. The vast majority of FAs cannot offer more value than ChatGPT, but if you are unwilling to type your situation into a chat prompt or not having the ability or time to at least try to understand the answers, just pick a FA and let the FA manage it for you. It will cost you but may save your sanity.

Leungal

The reality is that investing, especially during the accumulation phase is not that complicated, especially for a generic W2 earner working a corporate job and the lifetime drag of a 1% annual fee-charging FA is so large that it's simply worth it to take the time to learn it yourself. Just as a generic example, for a person earning $80k/yr and investing 15% of it (12k annually), assuming a 1% drag from FA fees means you would have handed over $360,000 to your FA after a standard 40 year working career. It gets even worse if you keep them on after retirement and your portfolio is at the largest, *you lose $939,000 after 50 years*. Seriously, run these numbers through a basic investment calculator. For math I used a simple 7% return vs 6% return.

Technical_Formal72

No more than I would be wasting my money on a personal trainer or FA. A financial advisor won’t magically make me more money. A personal trainer doesn’t magically make me fit. If you’re too lazy to do some basic research on a long-term investment strategies like VT, VTI/VXUS (optionally BND), or a TDF ect. and don’t have the discipline to stick to that strategy then sure go blow some money on a money babysitter. But I would only suggest that to someone who completely lacked the ability to think for themselves. Investing is so easy and convenient today, I see no real argument for an FA unless you are an extremely high NW individual. A private chef on the other hand would be nice though haha

Technical_Formal72

Sure if you can’t handle simple discipline and do some basic research, an FA or personal trainer might be worth it.

Droo99

At this point AI will give you better information than a random finance professional 90% of the time and without taking 1% of your money a year Best reason to get an FA is if you are prone to panic and need someone to talk you down every other month when you try to do something stupid 

3headed__monkey

Never or until your portfolio crosses 20M, even at that time, it should be fiduciary FA.

Wonton_noodle

If it’s overwhelming and you don’t want to partake in it actively or even want to spend any bandwidth on it, then go get a FA. Everyone here harps about FAs are useless but for your own mental health and own good, if an FA would help you, then go for it.

rbraalih

🌮 FA 🌮 FO Your 250th and this happening because you got the 25th and no fucking balls Well eone

Uniquename34556

Not FA. If there is any kind of rebound on Monday, Marvell will lead the pack buddy. Watch the foreign markets and pre market on Sunday. Sell at open at any whiff of a rebound and make a better play.

magneticpasta9

The bols your FA told you not to worry about

Paul_Robert_

Lmao, you could get access to any non-2FA Facebook account, by asking the meta AI assistant to link an email to said account 💀

Few_Delivery_4556

As you FA, I need you to send me 15% cut of your profits please!

y_u_so_madd

FA complete, time for FO.

NiceToMeetYouConnor

I’m sure I will experience a bear market, and have seen major pullbacks in 2022 and during the tariff market last year. But guess what I did? Bought more in because I didn’t need the money right then and there, and ended up having a great entry point because of it. I’m not a brilliant investor and that’s why I DCA into companies I feel strongly about long term. You seem to think you can time the market which is hilarious. It scares me that you have access to money lol, please get a FA to take over your account for you.

Bonebound


Fun_Training6342

All the optioners here (which is about 80%) are about to FA—FO.

Uniquename34556

Not FA ASTS MP INFQ

PharmDturnedMD

2FA when I went to submit my order was probably a sign I was doing something regarded

Icy_Jelly_315

No, I mean 🌮 has FA and FO.

Hemp_Hemp_Hurray

Same happens on chrome on my new phone for vanguard and fidelity, it's like it clears credentials if I change apps to see the 2FA code.

Icy_Jelly_315

Trillion in reps and the right to enrich uranium to 93% for peaceful purposes and you got it. The life lesson about FA and FO is on the house

AcademicStandard3701

$7700 and $7680 lottos for 🥭 signing the deal this weekend no FA.

Btomesch

I mean he was alrdy rich af before he was potus lol. I met with a FA and he wanted to put me in gas companies… I was like yea I could do better on my own

RookieMistake101

As a FA, I’ve joked with clients for years that I had to have a fking truth social account to do my job well.

CapnCurt81

Just made this and sent it to my FA. DO UR FUCKIN JOB BOOMER https://preview.redd.it/ov59h92ezy3h1.jpeg?width=1649&format=pjpg&auto=webp&s=54896a15d07cd34677f6f13e019396a7cb32594c

toydan

$snow expanded AWS partnership with new $6B multi-year agreement another report came out today that AWS growing like crazy $AMZN gonna continue to print FA $snow earnings move also wild

richierva

Yep. We are getting rid of FA today and joining the Bogles.

Sagelllini

[I wrote this](https://www.reddit.com/r/Bogleheads/comments/1pdlssz/the_latest_morningstar_report_shows_how_to_invest/?utm_source=share&utm_medium=mweb3x&utm_name=mweb3xcss&utm_term=1&utm_content=share_button) on how to invest and [this](https://www.reddit.com/r/Bogleheads/comments/1svxbkk/honoring_jonathon_clements_the_stocks_and_cash/?utm_source=share&utm_medium=mweb3x&utm_name=mweb3xcss&utm_term=1&utm_content=share_button) on funding a retirement. The idea that "sector rotation" works is disproven by the Morningstar numbers because active strategies consistently lag passive investing. As to the corporate bonds, the coupon rates are pretty much irrelevant because the price is marked to Market so the higher price coupons are priced higher and the lower coupons lower. Regardless, you should sell them all. Look again at the Morningstar numbers. Do you want corporate bonds with returns in the mid-5s or stocks that historically do 10%? Personally, for the inherited IRA I would sell everything that is in there, buy VTI and VXUS in some ratio (mine is 80/20) and figure out the most tax efficient method to withdraw over the next 6 years (and a FA won't know the most tax efficient way). Then, you systematically sell, pay the tax you owe, and buy VTI and VXUS in whatever ratio you choose in a taxable brokerage account with the proceeds after paying the tax.That will most likely get you the best returns over the upcoming years. Fire your manager, sell the crap in tax deferred accounts, buy VTI and VXUS (or VT) and if nothing else you'll save yourself fees and aggravation.

StegersaurusMark

I suggest you look up the statistical results of “active managed funds”. Your ML acct manager was probably blowing smoke to justify his paycheck. I mean he might have believed it, but it was probably still smoke. Then you went and parroted it to your next manager. I can’t offer you any advice. I manage my own accounts. I’m 40. I’ve interviewed a few FA/ account managers and always felt skeeved out by them and walked away. I’m now “using” the Fidelity wealth management but I don’t think I’m getting much more than the basic Monte Carlo sim you can access from any old 401k account these days I’ve been devouring the Rational Reminder podcast over the past year or so. It’s Canadian but still really great IMO as an American. I just tried listening to some Motley Fool podcasts and just don’t feel it.

KweenieQ

You can just fire the independent FA. Been in your situation, did it at Schwab. You'll get assigned to a Schwab advisor, but you're under no obligation to use them. However, with retirement looming, getting a free assessment is not a bad idea. Where will your cash flow come from in retirement? If you're spending down savings, your portfolio should look different than if you're taking pension or annuity payments. The more exposure you have to the equity market, the less risk you can afford to take in retirement. Unless your portfolio exceeds mid seven digits, or you're already 85. (Keep that in mind for later.)

Greedy-Wing-5173

FAs are a huge waste of money. They are also terrible at what they do. I’ve worked with FAs from fidelity, Raymond James, ubs, Morgan Stanley, E\*Trade. Just load up your goals and circumstances into an llm chatbot. and ask for a portfolio that matches. I use Claude Opus at the moment for all financial planning. I do still use a FA for our pe and pc holdings because I have to. Btw, I ve also used chtgpt and Gemini for this, and still run Claude output through them as a check.

richierva

I understand the performance of the bonds I don't understand why the underperforming ETFs from the sector rotation plan haven't been addressed. We had a more conservative approach with ML and now this FA doesn't do anything.

richierva

lol…we have discussed all our goals for the next 5 years and expenses. Basically everything financially you could tell someone. We got as specific as when the cars needed tires next. I really think the FA doesn’t understand what a sector rotation plan is or how it works. They have never initiated a call except when they were selling their services. When we have called it’s always an excuse.

DeeDee_Z

Have you **discussed** your goals and expectations with your advisor, or are you just expecting him to know what you want. Part of an FA's job is to educate you on what he thinks and how he plans to deliver on your goals ... so ... HAVE you talked to him?

Impossible-Use5636

My FA keeps telling me to trim SMH to 5% of my portfolio. It's currently around 24% and up 750%. I got in when I was making chip fab machines and saw the potential. Even if "AI" stalls, everything else needs chips. Everything. Defense, automotive, durable consumer, farm equipment, aviation, and it isn't slowing.

PaperHandsTheDip

ye... we already know FA doesn't work. Vibes drive the market. But does it have vibe signals? Or do they just selling corporate bs to boomers?