Seems investing should be an easier thing to get into right?
im not into investing, daytrading, etc. but have the money to do it. i tried looking for wealth manager in the good banks but the minumun sometimes is too high. 100k for wells fargo, charles shwab etc. fidelity is 50k which is good.
there is also the option of the broker to choose a portfolio and let it run w/o changing it unless i say so.
the point is that im trying to find a good broker (who can give a good portfolio) in the good firms like fidelity, vanguard, wells fargo etc which have been at the top of investment banking firms on different reviews.
the thing is that i don't know which one to choose. so i am thinking give the same amount to 3 different banks and who's portfolio has the best return ill add the rest to the money there. i dont mind paying some of the fees involved in the trading as long that in the long run i get the best return.
does that sound reasonable?
is it better to go with a wealth manager whom he will do the trading and decisions for me at a fixed % of the overall investment? (1%)
i just dont wanna worrying about this but its hard to find someone to trust.