Time to Uber Your Retirement Portfolio

Uber Proof your Portolio

It is time to Uber your retirement portfolio.  What do you get when you Not On My Nickel?  You are in the driver’s seat.  You get a road-map. You have the tools to choose what is in your best interest.  It is a pretty picture, not to mention empowering and pleasurable to take charge.  No more headaches of Ponzi schemes or being duped or needlessly sacrificing over 1/3 to 1/2 of your nest egg for the pleasure of having your hand held by a salesman.

There is something new under the Sun.  We spent the weekend in San Francisco. Wow.  Uber is a bona-fide disruptor and a pleasure.  Let’s start with ease of use, followed by cost and a more pleasurable experience.  One appreciates transparency, beauty and cost.

Not On My Nickel delivers transparency and tools — a pretty, sunny, real-time picture:

  • Performance measurement with transparency of returns and costs – In simple, clean charts, you quickly have Performance, updated daily, after all fees.  For the very first time you are able to measure your performance, something your financial advisor has yet to provide you, after all fees. Not On My Nickel believes in evidenced-based investing.  Show me the money, the performance and the actual results, after all fees, not some fancy sales pitch.

 

  • You are in the driver’s seat.  You do not have to wait.  You know exact where your money is, how it is being invested, since you are no longer dependent on an intermediary.  You have direct access to the money manager’s investment philosophy and learn first when there are any changes.  There is no more dependency on an intermediary who filters what you see.

 

  • Crowd sourcing – Our website is a social hub.  Did your advisor testify to the Financial Stablility Oversight Council about the systemic risks of money market mutual funds?  Not a one did!  Not On My Nickel’s advocate did on your behalf.  Advisors will not tell you about the critical issues, nor fight for what is in society’s best interest,  if it detracts from their revenues. As you Not On My Nickel, you know the issues that advisors do not tell you about, before they detract from your performance,  such as:
  1. Why a money market fund might not be in your best interest.  How do they pose systemic risk?
  2. Has your Advisor told you about the SEC’s proposed changes and new exit fees in money market mutual funds?  You may have limited access to your cash in money market mutual funds for over ten days if Wall Street causes another run on your money, as in 2008, with the Reserve Money Market fund.
  3. What is voluntary recapture in a money market fund?
  4. What are the issues with Target Date Funds?
  • Access to superior money managers, based on the most critical Not On My Nickel seven criteria.  Not On My Nickel shows you how to know if you are paying more, in trading costs, if your advisor’s firm is trading in dark pools.  Is your Advisor?

 

  • Dynamic rebalancing – Let the pros do it. Do not let sales personnel, with no investment management experience or some computer algorithm, a so-called “disruptor”, based on historical trends, decide when it is time to rebalance, Not On My Nickel your portfolio and let the pros, the experienced money managers, do it for you.

Remember every “trusted adviser” must file with the SEC in their ADV:

 “Registration of an investment adviser does not imply any level of skill or training.”

As Neil Irwin wrote in The New York Times today:  “Why Can’t the Banking Industry Solve its Ethics Problems?“,  “The complexity of modern finance, the greed and gullibility of individual financial consumers…and financial sharp practices that fall short of fraud…”,

There is a reason why financial advisors’ profits are sky high, as reported in Investment News today:

Ameriprise Advice Unit Reports 29% Increase in Pretax Profit”

There is a reason why financial advisors select the mutual funds that pay them the most:

“DFA, American Funds Retain Top Spot — and Most Money Fund Advisors”

Advisors skim from your retirement nest egg, without adding any value, after all fees.

You can access superior money managers to DFA and American Funds, without paying an Advisor one percent, such as DFA Advisors. One distributor of DFA Funds, Buckingham Asset Management LLC charges 1.25 % (portfolio up to $500,000) to sell DFA Funds. American funds charges a 5.75 % up front-end load.

Every Nickel You Pay to an Advisor is a Nickel that is not Invested in Your Retirement

It is time to DIY your retirement savings and go direct to the best portfolio managers, without a conflicted intermediary.

On a $25,000 retirement account, to purchase a DFA small cap fund, one would pay Buckingham Asset Management $313, annually, or and American Funds, $1437.50, upfront, in addition to their 12B-1 fee, that goes to the Advisor annually–for an additional $60.  Note, the American Fund’s advisor, has no requirement by law, to monitor the investment for you (Non-discretionary portfolio.)  Yes, it is annual income to the Advisor for doing absolutely nothing.

Time to Uber-proof your retirement portfolio.  Learn how to access superior performance, at less cost, with an upfront investment of your time, that will pay dividends each year in greater returns. Take charge with the tools that show you the picture that you have been waiting for:

Look at the Performance Chart Below

The green line is what you could have chosen, on your own, if you had Not On My Nickel’d earlier this year.

The blue line is what your Advisor will sell you for one percent.

The red line is what the so-called Silicon Valley “disruptors”, like Wealthfront or Betterment, will sell you–an Index fund that is cheap, but under performs seasoned money managers.

Screen Shot 2014-07-30 at 12.42.31 PM

Do not be greedy and do not be gullible.  Take charge, as you have the power of compounding on your side.  If you wait, the advantage of time is gone.

Time to Uber – proof your portfolio and take charge, where you are in the driver’s seat.  It is time to Not On My Nickel on our soon to-be released retirement platform.

Time to end the learned helplessness and dependency on conflicted sales personnel, whose objective is their bottom line, not yours.

 

 

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