Fidelity has a less known feature called "basket portfolios". You can define your own basket of any number of ETFs (such as broad based stock indexes and bond indexes).
And with 1-click you buy the basket. And whenever you want to rebalance, 1-click does it all. And when you add $ it will add to those ETFs that are underweight.
You pay $4.95 per month per account. Let us say, your dad has a taxable account and an IRA - then $10 per month for both.
In a year, $120. In 10 years, $1200.. you get the picture. Nothing close to the 1% AUM fee.
And with 1-click you buy the basket. And whenever you want to rebalance, 1-click does it all. And when you add $ it will add to those ETFs that are underweight.
You pay $4.95 per month per account. Let us say, your dad has a taxable account and an IRA - then $10 per month for both.
In a year, $120. In 10 years, $1200.. you get the picture. Nothing close to the 1% AUM fee.
Statistics: Posted by Explorer — Tue Jun 25, 2024 6:29 am — Replies 7 — Views 605