Portfolio Planning DIYT or advisor

M

mozung

Hi,
I'm fairly educated long term investor. I invest in individual stocks and options. Recently, I have realized that I can't pay full attention to my portfolio as I should due to business and job.
I know there are advisors, robo-advisors, and automated programs available through many brokers. However when I looked at their fees, I seriously do not like them.

Is there a way to hire advisors occasionally to look at my portfolio to point out risks, give suggestion to rebalance portfolio or ways to effectively use margin?
Or
Are there other new ways to better manage myself other than to just being hodler?

Thanks
In past 5 years, I invested over 1m. I stayed put in march 2020 crash and even bought more in that month. Now total worth around 2m.
 
  • Buy and hold ETF's or individual stocks and collect the dividends.
  • Keep the number of stocks to a minimum. IMO .... you don't need more than 10.
  • Buy only one stock for each sector/industry.
  • Pick an ETF and buy the top 10 stocks.
  • Don't micromanage the portfolio.
 
Look for a fee for service advisor.

500 bucks once or twice a year is less expensive than 1/2% per annum for your size of portfolio.
 
If you are in the US you can definitely find advisors on a fee basis to help you out. Spend some time vetting the firms and people you will work with.
I am in the process of doing this also. Part of my motivation is having someone who knows more than me run me through the various options in long term care, retirement planning, etc.. I have some knowledge of the options and ideas, but I want to hear from people who are doing this as part of their job and have a broader knowledge of options available.
 
tango29 said:
If you are in the US you can definitely find advisors on a fee basis to help you out. Spend some time vetting the firms and people you will work with.
I am in the process of doing this also. Part of my motivation is having someone who knows more than me run me through the various options in long term care, retirement planning, etc.. I have some knowledge of the options and ideas, but I want to hear from people who are doing this as part of their job and have a broader knowledge of options available.
More...
I'm in the same boat. It is daunting process to manage your investments conservatively with all the fearful negative noises around you. You can't ignore them totally either because you do not want to be too optimistic as well.
 
OptionsOptionsOptions said:
  • Buy and hold ETF's or individual stocks and collect the dividends.
  • Keep the number of stocks to a minimum. IMO .... you don't need more than 10.
  • Buy only one stock for each sector/industry.
  • Pick an ETF and buy the top 10 stocks.
  • Don't micromanage the portfolio.
More...
Don't you think 10 stocks would make too concentrated and vulnerable to margin calls if a crash happens. Do 10 stocks make well diversification?
 
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