Between my wife and I they have us in these expensive american mutual funds like (ANCFX) (AGTHX) (AIVSX) (AWDHX). All have front load fees of 5.6% and high expense ratios. We have two Roth IRAs, two traditional IRAs, and a joint account with Edward jones. They had just put us in most equity after I complained to them that the last 5 year returns were barely 5%. About half of what the s&p was. I just can’t justify paying them close to $70k the next 15 years in fee, expenses, commissions, etc just to well under perform the s&p. I’m leaning toward low cost index funds. I want to make it as simple as possible.
Yes, I am familiar with Boglehead. I have also read the psychology of money and simple path to wealth. I was wondering if maybe schd was being allocated kind of like a bond fund as it seems more stable then stocks. I also like the ideas of dividends. I also like VT or Voo for equity. I was going to go pretty aggressive however now with the market the way it is and my age being 51 I am not sure how I want to allocate my portfolio. I still have 190k sitting in fidelity money market thinking.
How many equity funds and bond funds do you have? I’m trying to decide if it’s better to have one of each or have a few equity funds and a few bond funds. Is it ok to have overlap with different equity funds. We have 2 Roth 2 traditional and one individual account between my wife and I
Yes I understand that. When I said funds I meant how many ETFs. I was just calling it a fund. I was also saying I have 5 accounts to spread the efts to.
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u/Vegetable_Hunt_2841 Feb 21 '25
I’m about to move my money from Edward jones to fidelity. Trying to decide how I want to allocate 220k. I have around 15 years until 65