MrNewEngland
Contributing Member
Cash: $ 7.65
Posts: 36
Joined: 04 Nov 2009
Location: The QC
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I was having a financial conversation the other day with some friends/colleagues and the topic of self-directed accounts/money came up. They were floored by how much I self-direct & told me it was way too much. I didn't think it was all that much. The only money that I "control" is in my Roth IRA.
The amount that I self-direct is about 14-15% of my total net worth, and about 22% of my portfolio not including equity in my condo.
Is this really that far out of line? All my money in my 401K is invested in aggressive mutual funds, wouldn't they hold a lot of risk too (yes I know that they keep you more "diverse")? I don't think that's an absurd amount to have under my control.
Craig Finn is brilliant.
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Thu Jan 13, 2011 7:40 pm |
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coaster
Senior Advisor
Cash: $ 1357.20
Posts: 6683
Joined: 11 Oct 2005
Location: Wisconsin
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I self-direct 100%. If it's something you're able to do and you like to do, and especially if your results meet or exceed professional management, it's totally ridiculous to do any less. Don't listen to your friends. It's results that count. Prove them wrong by your results.
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Fri Jan 14, 2011 6:51 am |
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ETF Trading Strategies
New Poster
Cash: $ 0.40
Posts: 2
Joined: 15 Jan 2011
Location: New Jersey
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If you follow the crowd you'll get below average results in the long run, don't listen to the nay sayers, stick to your own plan. It sounds like your doing fine.
ETF Trading Strategies
Read 7 ETF Trading Strategies for Better Investment Returns
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Sat Jan 15, 2011 5:09 pm |
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