I've had my IRA in Betterment for the past 2.5 yrs. Betterment invests in low fee ETF's only and charges 0.15%/yr in fess. They allow the user to manage their portfolio only by changing the investment mix (stocks/bonds). My mix over the last 2.5 yrs has averaged at 40% stocks and 60% bonds. As of today my returns have been
Earnings over the 2.5 yr period: 6.5% or ~3%/yr !! Time weighted: 7.2%
I'm thinking this is pretty low even though my mix is high in bonds. I'm 58 and working part time and I'm trying to protect my portfolio hence my 40/60 mix. For sake of argument let's say my current portfolio is worth $100,000.
In order to get better returns I'm thinking of switching to Fidelity and have them manage this IRA portfolio instead of Betterment. I'm not very knowledgable or interested in money management.
I realize that Fidelity will charge much more for the service than the very low Betterment fees of 0.15% /yr. But if they can bring me returns closer to 6-7%/yr then it's worth it correct?
To that end is there a calculator tool available online that allows me to compare my returns to the average/typical returns over the past 2.5 yrs for a 40/60 mix portfolio? Or is there a way to do it myself?