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 :).
I retired 2 years ago and wanted to do the same thing. I consolidated all of my financial holdings to Fidelity. I already had a four fund portfolio set up so it is just a matter of once a year rebalancing to my desired allocation. I’ve been doing my withdrawals on an annual basis when I rebalance and manufacture income for ACA purposes. I use my cash management as a checking account so I don’t have to transfer money when I need it. I use a credit card for all purchases so it’s just a matter of logging in once a month to pay off the credit card. That’s about as hands off as I could get it. So far it’s working well.