We inherited my late in-laws' Edward Jones account in 2009. Neither of us had any investing experience, so we just went along with the "financial advisor". We thought nothing of following his recommendation to switch to an 'Assets Under Management" model. We had a nagging feeling about the monthly fees, but we didn't follow up on those feelings. The pandemic provided me an opportunity to think about our finances. I discovered the Bogleheads' wiki and forum, and learned about lowering the costs of investment. After reading Allen Roth's, "How A Second-Grader Beats Wall Street", we decided to take the plunge into DIY investing. We moved our EJ assets to self-directed accounts with Vanguard, and are already reaping the benefits of keeping more of our money. We decided on an asset allocation that takes my vested retirement benefits into account. Our rebalancing triggers are based on 5% bands, which keeps us from buying high and selling low. We are much happier now.
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We inherited my late in-laws' Edward Jones account in 2009. Neither of us had any investing experience, so we just went along with the "financial advisor". We thought nothing of following his recommendation to switch to an 'Assets Under Management" model. We had a nagging feeling about the monthly fees, but we didn't follow up on those feelings. The pandemic provided me an opportunity to think about our finances. I discovered the Bogleheads' wiki and forum, and learned about lowering the costs of investment. After reading Allen Roth's, "How A Second-Grader Beats Wall Street", we decided to take the plunge into DIY investing. We moved our EJ assets to self-directed accounts with Vanguard, and are already reaping the benefits of keeping more of our money. We decided on an asset allocation that takes my vested retirement benefits into account. Our rebalancing triggers are based on 5% bands, which keeps us from buying high and selling low. We are much happier now.
Post: How did you get started as an investor?
Link to comment from November 6, 2021