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Suggestions For Managing Personal Retirement Finance

3,023 902 January 5, 2018 at 10:43 AM in Finance
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I like to do research on how to manage my personal finance and retirement portfolio efficiently. So need some advice:

1. Do you use retirement portfolio investment advisor service? If so, what's the best service out there with minimal commission fees?

2. What are the most popular finance related discussion forum boards where people share their investment (stock / ETFs/ Options) ideas?

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Quote from smart84
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I like to do research on how to manage my personal finance and retirement portfolio efficiently. So need some advice:

1. Do you use retirement portfolio investment advisor service? If so, what's the best service out there with minimal commission fees?

2. What are the most popular finance related discussion forum boards where people share their investment (stock / ETFs/ Options) ideas?
Are you looking for a someone to manage a work sponsored retirement account or are you free to choose any brokerage? Vanguard [vanguard.com] offers a service for as little as .30% (50K dollars is the account minimum).

What do you want the investment advisor to do for you? Asset allocation, talk you out of doing something irrational when the market gets crazy, outperform the market? Define for yourself what you need from this individual and people can probably offer better advice as well. Most of the value that financial advisors provide is talking people out of making mistakes (selling during market crashes) I believe Vanguard has done studies on this. See this PDF [vanguard.com] regarding Vanguard and the value of advisors.

I would recommend a really short book by Meb Faber [mebfaber.com], it reviews different portfolios and how they have fared over the last several decades. Which ones are more prone to volatility etc. It is an interesting read and should give you an idea on how you want to set up your portfolio. The most important aspect is to pick a plan that you can emotionally handle (or pay someone to help with that) and stick with the plan. Constantly changing is how people routinely under perform.

Bogleheads is another site I have heard mentioned regarding investment conversation but I cannot speak to its the quality.



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I manage my own portfolio, personally. Once you set your asset allocation, you spend a few minutes a couple times a year to readjust back to your target. There are many model portfolios you can find on the Internet - here's the basis for the one I used: http://www.mymoneyblog.com/model-...dvice.html

The gold standard forum for learning about investments is www.bogleheads.org [bogleheads.org]. There's also a really great wiki with sample portfolios and a step-by-step to get you started. They're very focused on index investing, though, so you probably won't find much on options.

Good luck!
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