Thank you all for your great responses!
I wanted to try to answer a few of your questions...
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I would suggest you to either educate yourself enough on Investment field so that you can confident enough to take a wise decision or find a financial planner who can give you many options from which you can select the most suitable one.
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That is what I have been working on lately, I’m ready to do it myself!
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2. What is your dissatisfaction with the current brokerage?
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The problem is that it is directly through the financial advisor that we were working with.
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Maybe it's my imagination, but your portfolio seems like it's all over the place. Is it maybe a mash-up from when you guys were married? I'm a simpleton, so I would lean towards consolidating and simplifying everything.
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That is one of my main objectives now. Another reason I’m ready to get rid of the old advisor, he seemed to always be pulling us in different directions.
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More importantly, do you guys like owning individual stocks? I could be wrong, but those are um.... interesting picks. In the sense that they're highly publicized picks. Tell me, which publication articles do you guys read?
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The stocks that we own all came recommended by our advisor. (Seems to be a theme doesn’t it, I’m done with him!)
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3.) this question makes me think you are retired. if so, maybe #1 changes.
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No, neither one of us is retired. My husband works full time and I work very part time, but will be able to work more in a few years when all the kids are in school! We do not have any early retirement plans at this point.
I know it looks like from our choices that we are very conservative, and I guess in some ways we are. We do really like the idea of being completely debt free and having our mortgage paid off. I also like the fact that if the mortgage is paid off, we could live off our earned income (with the exception of major purchases). However, I would say for the majority of our money we would like to move it to more growth oriented choices. I would also like to find more tax efficient funds, although taxes hasn't been too much of a problem for us the past couple of years.
One thing to note, a large part of our money in the money market account came from a recent sale of some investment property.
Thanks again for your responses, you've given me a lot to think about.