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IRA Investors and employees in poorly performing 401(k)'s -time to take charge. There are three rules for a large and lasting retirement nest egg;
(1) Do not pay any one except the portfolio manager directly to manage your retirement assets.
(2) Have a core portfolio before and after retirement, a balanced fund, managed by a portfolio manager you know and trust.
(3) Only invest in mutual funds or any securities that are registered at the SEC, who have audited performance standards and quarterly reports.
Remember, the only one with experience in managing portfolios are portfolio managers
There are just a few top active and passive portfolio managers that have proven the test of time. Do you know who they are? Do you know how to compare your current performance to that of the top portfolio managers?
Your financial planner/financial advisor/CFP is not trained in allocating and selecting investments for retirement accounts. They are trained in sales and how to increase income for their firm. The performance of your retirement fund is secondary to your Advisor.
There exist a few excellent mutual fund managers, active and passive, that have withstood the test of time and have solid performance records, low fees and top ratings from Morningstar and Lipper. It is time to take charge and go with the best.
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