Unfortunately, my status as a novice often puts me in a defensive position, leading to moments of self-doubt. However, I am optimistic that as I continue to learn, I'll become better equipped to avoid falling into these obvious traps.Total stock market funds are primarily large cap funds, because the overall capitalization of the market is dominated by the largest companies. If you have a market cap weighting strategy, then a total market fund is what works for that.However, the advisor raised a concern regarding the potential overweighting of large-cap stocks in FSKAX, despite its inclusion of approximately 18% mid-cap and 9% small-cap stocks, as per my initial research.Nope. Even if you wanted to increase your small/mid allocations for some reason other than "the person on the phone told me to", it's not like you need to pay them that kind of money to do it.They proposed a managed account with them for 0.79% of assets under management (AUM).
At least now you know not to call when you already know what you want to do. It's like an invite for a sales pitch.
Only call when you actually need help with something, just for help with that thing.
Statistics: Posted by andromedaasteroidfog — Sat Apr 06, 2024 12:14 am — Replies 15 — Views 737