Anyone use the the advisory service they offer? Is it worth it?
8 replies (most recent on top)
Heads up, if you go this route, o don’t think they touch anything that’s in the WF ESOP plan, so if you currently have a decent amount in there, move it before you activate the service.
I’ve used it for about 1 1/2 years. For 2025, my IRR is about 13-15% (haven’t checked it in a couple of weeks.) I’ve done better in the past by jumping in/out of Wells ESOP plan, but you have to watch it everyday. I watch it pretty regularly, but at the end of the month I input everything into a spreadsheet to make sure I’m tracking to my goals. My goal is to make as much as I can, but no less than 10%/year (7 year rule.) So, it’s not terrible. You can make more managing it yourself, or you can reduce your stress and just keep tabs on it.
Hey guys, I use the index funds feature because it basically is a strategy my boomer coworker told me
We have plenty of great options in the 401k. Just do research on what your risk appetite is for growth vs value and then pick from the funds accordingly. You can also call and ask questions for free without doing the service.
@ad I’d say most times not any time. You can’t beat the market with these folks in the world unless blind luck. Safe diverse etf index is the way to go.
Total rewards, it's OK.
I recommend you read the book A Simple Path to Wealth. It changed our lives when I realized how simple investing is using low cost mutual funds. You don’t need to give your money to any advisors especially since almost no one consistently meets, let alone beats the broad market returns.
No, invest in low-cost index funds the end - almost no one has ever beaten the index consistently. Anytime you have to pay fees, you are getting hosed.