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hotwired · 08-23-2007, 10:27 AM

Ah, I'm in a similar situation and have the same thoughts. Here's what I'm doing and a couple of assumptions:

1. leaving MOST of it alone is usually the best bet. While learning, learn with a little, leave 90% with competent advisor (careful) or in mix of index funds. From what I've read, your MIX is more important than the specific securities, so check out cnn.money.com or other financial sites and find out what a good asset allocation is for you based on your retirement age. I'm sure it will like 40% big stocks, 20% mid cap, etc. etc. something like that.

2. Be fearless with the 10% or so that's left. Find a strategy and really stick to it. MY WORST performance comes when I'm bored and doubtful of my strategy. I use simple screens AND things I read along the way.

I've left the rest of mine with an advisor for 3 years. if after 3 years he's beaten my return, he gets to keep managing it, if I beat him, say by 3 % points or more, I take mine and take over the investing of that.

08-23-2007, 10:27 AM	#9 (permalink)
hotwired Member Join Date: Nov 2006 Posts: 96	thoughts Ah, I'm in a similar situation and have the same thoughts. Here's what I'm doing and a couple of assumptions: 1. leaving MOST of it alone is usually the best bet. While learning, learn with a little, leave 90% with competent advisor (careful) or in mix of index funds. From what I've read, your MIX is more important than the specific securities, so check out cnn.money.com or other financial sites and find out what a good asset allocation is for you based on your retirement age. I'm sure it will like 40% big stocks, 20% mid cap, etc. etc. something like that. 2. Be fearless with the 10% or so that's left. Find a strategy and really stick to it. MY WORST performance comes when I'm bored and doubtful of my strategy. I use simple screens AND things I read along the way. I've left the rest of mine with an advisor for 3 years. if after 3 years he's beaten my return, he gets to keep managing it, if I beat him, say by 3 % points or more, I take mine and take over the investing of that. __________________ Ken LaVoie Winslow, Maine Creator of Lawn Guru - Lawn Care success eBook and Program.