I have an IRA which is the aggregate of all the various 401k's from different jobs that I've rolled over into this fund, along with similar from my wife. We just had our annual review with the guy managing it for us.
Meanwhile, I also have a 401k at work, which is allocated by the same dude. That money is "passively invested", meaning I made the allocations recommended by my financial advisor and haven't changed anything.
The 401k has a rate of return for the last 12 months of 6%. The "actuvely managed" IRA has a rate of return for tje last 12 months of about 1.8%.
Needless to say, I'm totally unimpressed with his active management. So much so that I'm giving some thought to giving somebody else a crack at managing it. He says over a 5 year period it should average out to 6 to 8% per year growth. We've been with this guy for 2 years, now. Last year was flat also. I should say that my parents have been with the guy who owns this firm - and it's a small, privately held, independent firm, no life insurance sales or any other bullshit, strictly wealth management - for well over 30 years. The owner has done quite well by them. Their money is now actively managed by the same guy managing ours. They, of course, are in a totally different position than my wife and I are, they both being retired and drawing a little on their earnings.
Those of you who have similar investments, what has been your return on investment this past year? Are your investments actively managed or passive?
Meanwhile, I also have a 401k at work, which is allocated by the same dude. That money is "passively invested", meaning I made the allocations recommended by my financial advisor and haven't changed anything.
The 401k has a rate of return for the last 12 months of 6%. The "actuvely managed" IRA has a rate of return for tje last 12 months of about 1.8%.
Needless to say, I'm totally unimpressed with his active management. So much so that I'm giving some thought to giving somebody else a crack at managing it. He says over a 5 year period it should average out to 6 to 8% per year growth. We've been with this guy for 2 years, now. Last year was flat also. I should say that my parents have been with the guy who owns this firm - and it's a small, privately held, independent firm, no life insurance sales or any other bullshit, strictly wealth management - for well over 30 years. The owner has done quite well by them. Their money is now actively managed by the same guy managing ours. They, of course, are in a totally different position than my wife and I are, they both being retired and drawing a little on their earnings.
Those of you who have similar investments, what has been your return on investment this past year? Are your investments actively managed or passive?