No. of Recommendations: 0
There's another category where you have a paid account manager to manage your investments usually for a percentage of assets. People say you usually hear frequently from your manager who advises you to sell a given investment and buy another. This is a highly personalized service where you can pursue investments you are comfortable with and the manager keeps you up to date on new developements.

Of course, you pay full commissions on the trades. So this can be expensive. But presumably you can do quite well if you find the right manager and make good decisions at the right time.

The SSB portfolios I am familiar with are not managed. They select a portfolio of stocks to be acquired at the beginning and hold them to the end of the trust life. But as events change, they do not buy and sell components of the trust. In tech stocks (where for example Worldcom changed everything overnight), that is certainly not good enough. In other mature industries it may be.

I suspect managed funds are a better investment than the SSB portfolios.
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement