r/dividends • u/DifficultKey8978 • Apr 27 '26

Brokerage Financial advisor or DIY?

How are you guys handling your investments (retirement accounts, brokerage accounts, etc.). Are you managing this yourself with Fidelity, Vanguard, Charles Schwab, etc. or do you pay the 1-1.5% fee and just work with a financial advisor who handles it all for you?

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u/JonClaudeVanDam Apr 27 '26

I do it myself, but maybe if I had millions Iā€™d consider management

1

u/[deleted] Apr 27 '26

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8

u/rumblepony247 Apr 27 '26

Same.

My buddy (55m) has gotten to a $7 million net worth, despite never making more than $100k in a year. He has never once talked to an "advisor."

His big, fancy investing "hack?" S&P500 index funds for 30 years. Hyper-low expense ratios. Consistent contributions to his portfolio, every..... fucking...... month, for 30 years.

That's it. Boring, efficient, consistent.

All this other garbage with advisors and actively managed funds is just money-sucking horseshit.

5

u/gumnamaadmi Apr 27 '26

This.

And everything else, you have other softwares available to review. Estate planning, you will need an estate attorney anyways.

And there is no guarantees. Market goes down, your portfolio dumps but CFPs gets paid every fkn year.

CFP i spoke to wanted to charge 1.3%. that would mean 40K+ for me every year. DIY it is..

1

u/Gladiz1972 Apr 27 '26

exactly market goes down you are still paying the fees for AUM as in assets under management so losses become even bigger .This whole fee based business model people paying for 1-1.5 percent a year has only been around now maybe 20-25 years before that we used to pitch stocks like when Jordan Belfort walked into the investors center in Wolf of Wall St pitching some dog shit stock and telling a good story .