USAA Managed Portfolio?
ladies, gents,
anyone here using USAA managed portfolio care to share their 0.02 ? Pros? Cons?
With the 1.1% service fee and tax, do you still get an annual % increase that beats inflation and any cd/savings/money market interest rates?
Background:
Lately I'm been getting more and more financial education, and have decided to venture beyond TSP, CD, money market etc. I've heard nothing but great things about USAA banking and car insurance. I understand that the performance of their indexes are not as good as fidelity and vanguard, but those companies requires investment over 100000. USAA lets you start at $25000. I also understand that the net after-tax yield won't be as good as an expert DIY mutual funds, stocks, etc. but the appraised value of time not spent tracking stocks, reading boogleheads, and attending workshops is surely high IMHO.
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