My stock portfolio of about $250k is managed by a financial advisor, and it is currently down by about 18%. I am contemplating managing it on my own and moving to a simple 3 funds portfolio. I can book losses and take tax advantage this year, but are there any other considerations I should think about before going this route?

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I have a 3 fund portfolio and I'm down 21%.

uplifting

Really depends what 3 funds and how they are split doesn’t it?

smart

Watch out for wash sale

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Can you share how old you are/YoE? Nice savings!

That's pretty much in like with the market. The bigger question would be how has it performed all time and what fees are you paying this advisor.

That's a smart move

I agree with your thought process. As your wealth grows, I would employ a CFP on a fee basis to help you with your overall financial plan. After a 30 year consulting career, I am becoming a CFP to do just that. There is no need today to pay a Financial Advisor an ongoing 1-2% of your portfolio to manage your investments.

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