loveisintheairkathryn
New member
4.5 years ago my wife and I (39 at the time) decided we needed to have a money manager. We're not gazillionaires but we have good salaries, save a lot and got tired of thinking about money. That's not our passion and we hired an FA to outsource that aspect of our lives.
There's lots of things I like about "our guy" but I'm not sure how to feel about the returns we've earned since then. $ weighted they're atrocious, time weighted they're anemic. Our main brokerage account's time weighted return since May 2019 is 4.64%.
How bad is that? I'm not looking for anecdotes about great returns earned by people who proactively invest for themselves, I'm wondering if anyone in a similar position to us and with a similar hands-off attitude would be willing to disclose what their FA has achieved for them over a similar period. I'll also note that from 2020-2022 it would never have occurred to me to post this, we were doing great. But 5 year chunks of out to-retirement-timeline are significant enough to leave me very concerned when a soft market is till all it takes to wipe out almost all of our progress :/
There's lots of things I like about "our guy" but I'm not sure how to feel about the returns we've earned since then. $ weighted they're atrocious, time weighted they're anemic. Our main brokerage account's time weighted return since May 2019 is 4.64%.
How bad is that? I'm not looking for anecdotes about great returns earned by people who proactively invest for themselves, I'm wondering if anyone in a similar position to us and with a similar hands-off attitude would be willing to disclose what their FA has achieved for them over a similar period. I'll also note that from 2020-2022 it would never have occurred to me to post this, we were doing great. But 5 year chunks of out to-retirement-timeline are significant enough to leave me very concerned when a soft market is till all it takes to wipe out almost all of our progress :/