Morgan Stanley
I moved half of my savings $ 1.3 to MS being managed, and $500k under my control. I am 60 and wish to retire. MS has not done better and they cost me 1%! They had retirement money in mutual funds plus charged 1%. Now the idea is to put approx 50% in bonds to wait for craziness to settle. They STILL want to charge 1% on those funds and are not willing to decrease! Is this standard? I always did my own investing by buying small amounts in multiple mutual funds and ETFs. I created my own mutual fund of mutual funds. But I don’t have time for recovery. What do you suggest?
Terry Says
I suggest an independent FEE-ONLY FIDUCIARY financial advisor to give you an entire financial plan. Click here.
And read my most recent column, showing professional fund managers beat the market only half the time, and rarely two years in a row!
