I recently FIREd, and am enjoying every minute of it. I thank this (migrated?) community for their stories, struggles, successes, and wisdom. Adaptation to a life of FIRE has been pretty easy, except for one thing. Prior to FIREing, I kept a close eye on my portfolio, the markets, and everything financial. As you know, if you’re driven to FIRE, it takes a bit of effort to keep things fresh in your portfolio. To some, managing your own portfolio can be a hobby, or other form of enjoyment. Not me. I get no joy in monitoring the markets. I would now prefer to focus on living and not financial management. Question: do you have any suggestions on the best way to put a portfolio on autopilot? What I’m seeking is something bot-like that monitors my holdings, applies a variety of policies, and alerts me when action is needed. Some factors:

  • I’ve looked at managed account options. They all seem to be pricy offering little in return. This option seems viable to those with > $10M.
  • I’m reluctant to go with “target” funds. They don’t seem to be very efficient, and are not at all tunable.
  • There seem to be some promising software packages out there that go beyond mere monitoring.
  • I don’t think ChatGPT is quite ready for this task :).
  • @Eegra
    link
    11 year ago

    It’s typical if you’re in the draw-down phase: better to spend the dividends than to sell (more) equities.