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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75802  
Subject: Re: Portfolio Management Fee? Date: 3/15/2006 11:36 PM
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hdsteele asks,

Anyone have any thoughts on the use of Fidelity Portfolio Management services for a 250K retirement portfolio? Cost is around 1% of annual balance. Good idea? Bad? I would love to think that I can manage it on my own w/o paying the fee but these guys do it daqy in day out. Awful big headed to think I could do a better job. Are there any stats on the "average" investors results vs. this type management?


If the "average investor" holds a mix of low cost index funds, he'll beat professional managers about 85% of the time.

A 1.00% fee ($2,500/year) is a lot to pay for advice.

intercst
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