As the decade nears its end, always a good time to reflect. When you sit down with your broker or advisor, here’s a few questions to ask:
1. Do we own funds that cost > 1%? If so, why?
2. Do we pay trading commissions? If so, why?
3. Do we earn 2% on our cash? If not, why not?
1. Do we own funds that cost > 1%? If so, why?
2. Do we pay trading commissions? If so, why?
3. Do we earn 2% on our cash? If not, why not?
4. Does our broker lend out our shares and earn revenue? Do we share in that revenue? If not, why not?
5. Do we own stock mutual funds in taxable accounts that are expected to pay capital gains? If so, why don’t we own tax efficient ETFs?
5. Do we own stock mutual funds in taxable accounts that are expected to pay capital gains? If so, why don’t we own tax efficient ETFs?
6. Will you show me how you allocate your own money with holdings? If not, why not?
7. For the fee I pay you (1% is standard), what do you consider your major value add is and will be in the future?
7. For the fee I pay you (1% is standard), what do you consider your major value add is and will be in the future?
8. Do we have home country bias in our portfolio (meaning you have less than 50% in foreign investments). If so, why?
9. Do you listen to The Meb Faber show podcast? If not, what are you thinking?
10. Let’s hear your suggestion here!
9. Do you listen to The Meb Faber show podcast? If not, what are you thinking?
10. Let’s hear your suggestion here!
