Quote:
Originally Posted by Peter Gibbons
Fortunately no - I have been doing much better than that on my own. I have been closer to 10 percent overall average or 7-8 after inflation over many years. However, as I consider moving to a professional money manager, they all seem to think those types of returns are not sustainable over a long period of time (although that has been my experience for the past 25 years).
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Makes sense.
I'd guess you won't achieve the same returns as you diversify out of stocks. So maybe don't knife them just yet.
But I would ask them their fee structure. If you don't like what you hear, a lot of outfits have target dated funds, you could do the math and split your current savings into the requisite funds.