It’s horrible advice to throw a blanket statement. Perfect example. During the 2000-2009 market better know as the lost decade. Had you invested in a cap weighted S&P 500 fund, which most investors here recommend, your total rate of return would have been less than 1% vs the equal weighted S&P 500, your return would have been over 6%, but thank god you had the lower fees. Fast forward to this year, the US aggregate bond index is down 11%. It’s the worst bond market since 1842. A good seasoned advisor would have started lowering duration last year knowing the fed was going to have to be aggressive and you become defensive. A good advisor knows that higher rates means higher borrowing cost for growth companies and reallocated to dividend paying stocks. But luckily you paid lower fees. The point is NO one should be listening to anyone on this board of how they should invest their retirement assets. Either get advice or educate yourself on your own personal situation and pick solid investments. Marketing has done a phenomenal job of making retail investors think low cost funds are superior. It’s just not true. Hell Fidelity did a research a few years ago showing individuals who worked with an advisor outperformed self directed investors by over 2% per year including fees. A good advisors earns their money in down markets by not allowing their clients to make drastic emotional decisions.
