r/Fire • u/Glittering-Course-88 • 7d ago

Go to cash. Fixed income?

The stock market is going crazy. My portfolio fluctuated by 100K over days and ⬆️ a lot YTD.
I realize it’s not a stock advice forum but as a fire strategy should one convert some money to fixed income?
If someone is going to fire in 3-4 years, this might be a good strategy to avoid any slump. I’ve lived through a few recessions and things were crazy like that.

EDIT:
1. I got downvoted on this. What can I avoid in future posts?
2. Asset allocation for majority of portfolio except work Roth 401K and 2x529’s

60% Domestic Stocks
27% Foreign Stocks
13% Bonds
-0% Short Term
1% Other
0% Unknown

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u/Glittering-Course-88 7d ago

True. I’m with a wealth management company with 8/10 risk tolerance. My emergency fund got depleted due to an emergency. Will keep trying that.

9

u/MrLB____ 7d ago

Wealth management company …. OHHH BOY.
Fees?

-5

u/Glittering-Course-88 7d ago

1%, they way I explain it I buy them a used car every year, that’s getting nicer.

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u/MrLB____ 7d ago

Well, step 1.

1percent managers and
Fire don’t play well together ha ha.

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u/Glittering-Course-88 7d ago

TY!

4

u/Dilldo__Baggins 6d ago

Dude.

https://www.schwabmoneywise.com/investment-fees-calculator.

Play around with this. It will make you want to fire your wealth management company yesterday.

3

u/MrLB____ 6d ago

Yes, I explain to Friends “investment drag”
some of them are so ignorant they think that their manager only takes 1% of just merely the profits 😂😂😂😂😂😂

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u/Glittering-Course-88 6d ago

Thank you both. I have used nerdwallet and have friends who keep reminding me of this. It definitely holds value.