Hello! I'm currently debating on if I should stay with my Financial Advisor and the portfolio they made, or get my money back from them and go it alone. I know the general opinion on Reddit is to just do the investing yourself saving the fees advisors charge, which has been a big motivator in this, but I also wanted to see what you guys think about the portfolio they made and if I should emulate something like that or start over completely. For some stats, currently 22 and have about $58,000 in investments.
Current Financial Advisor Made Portfolio:
\- Fidelity Global Ex U.S. Index Fund (FSGGX) = 23.38%
\- Fidelity Large-Cap Growth Index (FSPGX) = 32.62%
\- Fidelity Large-Cap Value Index (FLCOX) = 31.08%
\- Fidelity Mid-Cap Index Fund (FSMDX) = 7.96%
\- Fidelity Small-Cap Index Fund (FSSNX) = 3.95%
\- 1% taken as Advisor Fees
Potential New Portfolio:
\- Vanguard S&P 500 ETF (VOO) OR Vanguard Total Stock Market Index ETF (VTI) = 100%
\- Future contributions would go to diversifying, just wanted to get VOO/VTI down as a base, and then get into some international and small or mid cap as the money comes up.
Thanks! Let me know what you guys think!