In our last blog post, we showed an all-century portfolio, now we will discuss 3 ways to construct it.
1. Do it yourself
You can do it yourself for free. It requires a bit of work and you need to do a rebalancing once or twice a year. But it’s cheap and easy and will do better than 90 percent of what Wall Street has for sale.
As Barry points out, the most challenging part of this option is you. Your emotions, your lack of discipline, your ability to stick to a tried-and-true methodology and not get distracted by something shinier.
2. Use a robo-adviser
There are many choices here, as we have discussed before, such as Betterment, Wealthfront, Liftoff, etc.
It will cost you a little money, but won't be much and you are letting a pro handling it for you.
3. Hire an adviser
This is a costlier option, but you could get advice not just related to investment, but also on tax planning, estate planning, etc. Most importantly, you can talk to a live person instead of dealing with a robo algorithm.
1. Do it yourself
You can do it yourself for free. It requires a bit of work and you need to do a rebalancing once or twice a year. But it’s cheap and easy and will do better than 90 percent of what Wall Street has for sale.
As Barry points out, the most challenging part of this option is you. Your emotions, your lack of discipline, your ability to stick to a tried-and-true methodology and not get distracted by something shinier.
2. Use a robo-adviser
There are many choices here, as we have discussed before, such as Betterment, Wealthfront, Liftoff, etc.
It will cost you a little money, but won't be much and you are letting a pro handling it for you.
3. Hire an adviser
This is a costlier option, but you could get advice not just related to investment, but also on tax planning, estate planning, etc. Most importantly, you can talk to a live person instead of dealing with a robo algorithm.
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