Key insights
- An individual is considering hiring a Morgan Stanley advisor to manage their $300k portfolio, aiming to limit downside risk. The portfolio is currently invested in ETFs like VOO, SMH, VTI, VGT, SCHD, QQQ, and VXUS. The advisor's value proposition centers on risk mitigation, specifically preventing losses exceeding 30-50% in a bear market. The user questions the necessity of an advisor given their investment size and the potential for their current holdings to recover.
I currently have a few hundred thousand dollars invested in the market, primarily in VOO, with a portion allocated to SMH, VTI, VGT, SCHD, QQQ, and VXUS.
A Morgan Stanley financial advisor wants to create a proposal to manage my portfolio and minimize the risk of losing more than 30% or 50% of my assets in a bearish market.
I’m wondering if it’s worth investing in a financial advisor for the amount I’ve invested (300k). I understand that many of these stocks are correlated and overlapping, but I’m also curious to know if the stocks I’ve chosen will eventually yield a return or could they drop 30-50% like they make you think