Collin County Living Well Magazine March/April 2020 | Page 44

Rick Ferri, CFA Ferri Investment Solutions Hourly Investment Advice Advisor Consulting Service Core-4 Portfolios Your Investment Adviser’s Dirty Secret I nvesting your retirement savings is easy. You can do it yourself. All you need to be successful are a few broad market stock and bond index funds and you’re done. This simple and extremely low-cost strategy will outperform almost all the strategies offered by professional advisers, who charge 1% or more of your port- folio and then underperform the markets. I know how the system works because I’ve been an adviser for more than 30 years. If you have an adviser who charges you based on the size of your portfolio, odds are very high that your portfolio is far more complicated and more costly than it needs to be, and that you’re underperforming the broad stock and bond markets. If you stop using the adviser, and adopt a simple portfolio that holds only a few index funds, you’ll save a lot of money and your performance will improve. Rick Ferri, CFA, is the CEO of Ferri Investment Solutions, an as-needed hourly fee investment adviser. He has 30 years of experience in the investment industry as a financial consultant and portfolio manager. Visit for information or listen to his podcast at 42 COLLIN COUNTY Living Well Magazine | MARCH/APRIL 2020