Re: [TSP_Strategy] Re: TSP Investment

 

You're likely referring to a regular "financial advisor", which currently does NOT have a fiduciary responsibility to their client. I am referring to a CFP, which DOES have a fiduciary responsibility to the client, and often times they couldn't care less about the actual investments. They are there to assist in developing a plan and help you stick to it. 

Don't take their products, don't buy anything with an expense ratio higher than 0.2%. Do not buy any life insurance products product from them, unless it is term life. However, as a retiree, you should not need any life insurance at all, unless you retired with a hell of a ton of debt. 

Go here. http://www.letsmakeaplan.org

Find someone you trust. Of course do your own due diligence. Don't try to time the market based on "technicals" or by looking at "cups and handles" etc in a chart. Find a few low cost ETFs with regards to your goals, and be consistent with your plan. Vanguard has a ton of ETFs with expense ratios less than 0.10%. There's no reason to look elsewhere in my opinion. 

Best of luck, and don't gamble your retirement money that you already earned. Develop a plan that helps maintain what you already earned. 

Sent from my iPhone

On Apr 23, 2015, at 6:00 PM, Liz Sharpe lizhsharpe@gmail.com [TSP_Strategy] <TSP_Strategy@yahoogroups.com> wrote:

 

I have contacted numerous fiduciary advisors and they also want to sell you THEIR proprietary mutual funds and annuity products. Their fees are higher than etf indexes /TSP funds that can easily be chosen on your own. Just because they have fiduciary responsibility doesn't mean fees will be less of course,nor returns any better than what you can do on your own.

 Standards may be higher for fiduciaries, but they also need to make a living. They have to stay in business. I  check the SEC site for any "negative" actions against them. If they've moved around a lot, don't consider them. It means they could have gotten into trouble and moved on.

You can find some simplistic advice in Kiplinger magazine, (Don't even consider Money magazine.)

It's  best to educate yourself and do your own investing . it's also true

that most aren't interested enough to do it very well.

One-size-doesn't fit all as we have different risk tolerance, time horizons and emotions. 

Sarah has repeated this.She's done a lot better  as she is able to keep emotions in check

and go by numerous technical factors.  

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Posted by: Matt Lowery <mattlowery@yahoo.com>

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