Ask Terry Questions Recently sold house and investing proceeds.

Recently sold house and investing proceeds.

By Terry Savage on October 24, 2017 | Investments

I was told by my financial planner there is a 1.5 % charge for investment into diversified funds for a 3% return or a 3% initial charge for 5% return. I was thinking of putting 2/3 in the 5% return and divide the remaining 1/3 into the former with the rest going into a money market checking account. Is this wise?

Terry Says

What on earth are you talking about?  DROP this planner immediately! Contact Fidelity or Vanguard and ask for their free advice.  You'll pay less than one quarter of one percent per year to invest in their funds.   Call 1-800-VANGUARD or 1-800-FIDELITY --   Just do it!!



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