Quote:
Originally Posted by Hog's Gone Fishin
My brother has a lot of money invested with Edward Jones . He's now 65 so I realize they want it to be conservative but his account has gained 39% over the last 5 years. TOTAL!
Just FYI
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Vanguards target date index fund for 2025 has gained around 55% or so over the last 5 years. Add in mutual fund expense fees that exceed Vanguard and 1% or so for the advisor and that seems a likely result.
If it helps you stay invested during big draw downs, it's probably worth it. Outside of that, unless you need serious tax planning or estate guidance, you're probably not getting a lot for the cost you're spending.