Suze Orman Advises Individual to Self-Manage $600,000, Avoid 1.5% Fee
Financial expert Suze Orman recently offered specific guidance to a 54-year-old individual managing $600,000. Orman recommended against paying a 1.5% management fee, instead suggesting that the individual manage their own funds. This advice emphasizes direct control over investments and avoiding recurring charges.
Renowned financial expert Suze Orman recently provided advice to a 54-year-old managing $600,000 in assets. Her counsel specifically addressed the practice of paying management fees.
According to Orman, the individual should consider bypassing any service that charges a 1.5% fee on their $600,000 portfolio. Her recommendation was to manage the funds independently, rather than relying on external management that incurs a percentage-based cost.
This advice highlights a strategy focused on maximizing returns by eliminating recurring expenses associated with professional financial management. Orman's guidance suggests that individuals with a substantial amount, such as $600,000, may find it beneficial to handle their own investment decisions to save on these costs.
(Source: Yahoo Finance)
