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Re: Investment Advisor

Posted: Mon Jul 24, 2017 2:32 pm
by BearBones
Thank you all so much. Love this forum!

Yes, yes, I need to consolidate and simplify more. But I also need to get more certain and clear...

I need to be honest (more so with myself). I am near retirement, and I am really scared of investing! I just don't trust myself. But I also don't trust many other people. So, once again, I am frozen with a TON of cash. I like the PP idea, but I remain a bit concerned about it, enough that when I do have separate accounts (like I had a 401k Rollover into IRA, and started another 401k), I tend to find myself wanting to hedge my bets. So not only do I have a lot of accounts that cannot be merged (like a decent HSA), but I also find myself creating a PP in one, a boglehead portfolio in another, a portfolio constructed from Tyler's PPCharts in still another.

I cannot be the only one who does this kind of stuff, so it is worth writing about. I think I need therapy :)

Re: Investment Advisor

Posted: Mon Jul 24, 2017 6:24 pm
by Pointedstick
Then ditch the PP and move into whatever makes you sleep at night (within reason). If nothing fits the bill, then you have some issues to work out with investing as a concept and how it relates to you, and you should address that before making changes of any sort. Tyler's website is a font of knowledge on that front and is highly recommended: http://portfoliocharts.com/

Re: Investment Advisor

Posted: Mon Jul 24, 2017 7:02 pm
by Mountaineer
Mountaineer wrote:Might not be able to do a PP portfolio, but you might consider an all-in-one Vanguard Retirement portfolio- might be “good enough “ to meet your desire for simplicity and reasonable returns at low cost expense ratio and require no management fee up front.
I shall repeat my earlier post. Go with the Vanguard VTINX. Not perfect but probably good enough for you, and me and countless others. Very simple. Once you start taking RMDs, put the excess, if any, in another simple after tax fund, maybe even a separate VTINX, or just put it in the Vanguard Money Market Prime until you decide what to do with it. Best wishes and good luck.

Re: Investment Advisor

Posted: Mon Jul 24, 2017 8:14 pm
by Desert
Mountaineer wrote:
Mountaineer wrote:Might not be able to do a PP portfolio, but you might consider an all-in-one Vanguard Retirement portfolio- might be “good enough “ to meet your desire for simplicity and reasonable returns at low cost expense ratio and require no management fee up front.
I shall repeat my earlier post. Go with the Vanguard VTINX. Not perfect but probably good enough for you, and me and countless others. Very simple. Once you start taking RMDs, put the excess, if any, in another simple after tax fund, maybe even a separate VTINX, or just put it in the Vanguard Money Market Prime until you decide what to do with it. Best wishes and good luck.
I agree 100%.

Re: Investment Advisor

Posted: Tue Jul 25, 2017 8:46 pm
by BearBones
PS, not sure I will every "sleep at night" with whatever I do. I tend to second guess when advisors question why I might want LLT or gold right now. I think the suggestions posted here are as good as I will get.

Will probably do as you said, Mountaineer, at least with part of my assets. Would be easier than what I have now if I just committed to the PP for half of my assets and VTINX for the rest, my sort of super conservative variable portfolio.

I do trust many of you more than any advisor I have spoken to, and I feel more comfortable having had your continued advice (and a bit of hand holding). Thanks.

Re: Investment Advisor

Posted: Tue Jul 25, 2017 9:10 pm
by dualstow
I originally put some funds into a Vanguard target retirement fund (2035) as something to compete against. I have to concede that it's easier to put money in there than into a single asset, or even four assets simultaneously, if you don't think about how the sausage is made.

Not exactly VTINX, but same idea.

Re: Investment Advisor

Posted: Tue Jul 25, 2017 9:34 pm
by Desert
BearBones wrote:PS, not sure I will every "sleep at night" with whatever I do. I tend to second guess when advisors question why I might want LLT or gold right now. I think the suggestions posted here are as good as I will get.

Will probably do as you said, Mountaineer, at least with part of my assets. Would be easier than what I have now if I just committed to the PP for half of my assets and VTINX for the rest, my sort of super conservative variable portfolio.

I do trust many of you more than any advisor I have spoken to, and I feel more comfortable having had your continued advice (and a bit of hand holding). Thanks.
If you setup a half PP/half VTINX portfolio, the resulting mix would likely perform very well. In fact, it looks quite similar to a ... desert portfolio. I'm sorry, I couldn't help it. But in all seriousness, splitting your assets among two solid, conservative portfolios should give you the peace to be able to ignore the noise and enjoy other things in life.

Re: Investment Advisor

Posted: Wed Jul 26, 2017 7:09 am
by sophie
BearBones wrote:Would be easier than what I have now if I just committed to the PP for half of my assets and VTINX for the rest, my sort of super conservative variable portfolio.
This sounds like an excellent plan, especially for accounts that are not PP-compatible. You can make those "set it and forget it" with the simple, one-fund approach, and then not even think about them until it's time to withdraw funds.

Is it the PP part that you're uncomfortable with? It does take some twiddling, especially buying the long bonds and gold, and figuring out what to do with new contributions. How are you handling these currently?

Re: Investment Advisor

Posted: Wed Jul 26, 2017 8:21 am
by barrett
Bones,

It would also be interesting (and probably helpful) to know what your current AA looks like. When you say that you have a "a ton" of cash, does that mean that you have 50% or 60% in cash? If so, maybe you are just a cash kind of guy and it should just be invested in T-Bills. That was a Harry Browne recommendation for those who just weren't comfortable with other strategies.

Depending on your spending versus your assets, you might be able to coast through retirement just holding a lower percentage of the volatile assets.

In case you haven't seen it, Tyler wrote this excellent piece on cash:

https://portfoliocharts.com/2017/05/12/ ... -investor/

Agree with PS that money should be something that makes life easier and not harder. But I also understand from my own experience how analysis paralysis can drive one crazy. Fortunately we have this safe haven called the PP Forum where we can all get free therapy when needed! Best of luck to you.