Like another poster said, there are plenty of "couch potato" type portfolios out there that only require rebalancing ETFs once a month/quarter/year. Its not that hard and definitely not worth paying someone to do for you.My concern going forward is what if I am unable to do it myself? Senility creeps up on most of us. My mother became unable to even balance her checkbook (3 pension deposits and 2 bills a month) 3 years before she died.But where do you find an FA to do that for you, when/if you can't? For a reasonable (i.e., small) fee.I guess maybe a fee-only financial planner? Give them your detailed instructions and pay them $500 annual fee to rebalance once a year. Kinda hard to build a successful business when your clients pay that little. You'd need 100 such clients to take in $50k a year.Maybe a trusted child or other realtive? And hope they don't steal you blind.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra