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re: Actively managed accounts

Posted on 4/26/24 at 2:43 pm to
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37162 posts
Posted on 4/26/24 at 2:43 pm to
quote:


To keep it brief, when I quit my job in the service industry last year, I rolled over approximately 35k into an IRA account. Since that time, I haven’t touched it. It’s simply cash waiting to be invested. The problem is I have very little if any time to properly invest it on my own. Also being that it’s a relatively large sum, I’m very hesitant to haphazardly start investing mysel


While this is a large amount of money to you, this is not even on the radar of good active investment managers.

Any active manager that you could find with that asset base, is going to hit you with all kinds of "small account" fees - either clear fees or just higher percentage fees, and/or are going to give you to the manager that they hired 7 months after he graduated college cause he could not find any other job.

Find a good index fund and roll with it.
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