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Are we allowed to trade crypto on TD Ameritrade?
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No - but in general, would do the math on how you portfolio would look in 30 years with just S&P500 returns vs theirs - minus their advisory fee
It is almost impossible for a traditional investing firm to beat the market
Hence why the general recommendation is to manage your own investments with potential help from a hourly-fee fiduciary investment advisor (if needed)
Remember return is only one component. If you trail the market by 100 BPS, but with 1/2 the risk, that’s the key. But I generally agree with you. I personally follow a three-fund total market portfolio.
The advisors I am looking at are fiduciaries and fee only, but not hourly.
Dimensional is pretty interesting, not a traditional active fund. It's basically weighted index stuff designed by Fama's research on what can actually beat the market.
Costs can be kept low bc they only sell to institutions and some select advisors so they keep trading activity to a minimum.
Just wondering if anyone had personal experience where something didn't really match what they were told.
Yeah it’s the % AUM that usually destroys their value proposition
1% over 25 years is roughly 25% of your money gone (real math is 1-(1-%fee)^years)
My dad's financial firm sells them, from what he says they are legit. To sell you have to get certified including presenting in front of a panel or something and proving you understand investing and are not a market timer. I don't have specifics and return vs market.
Look into Betterment. I believe they work with with Dimensional Funds or at least base their etf allocations on similar research (eg small and value tilting)
Unfortunately I am at a big 4 now and they do not allow robo traders. I had wealthfront and liked them, but can't do that anymore.
My friend from bschool works for Dimensional (he works directly with advisors). He seems to think they are legit, though it’s possible he’s biased. He can recommend fiduciaries in your area if you’d like - DM me.
Yes. I think he meant recommendation among those on the short list. I’ve seriously considered moving over to a fiduciary thru them, but the process of switching / B4 independence has stalled me from investigating. Having someone legally obligated to act in my best interest is compelling.