Independent Wealth Management | One Day In July Financial Advisors

Please enter a first name.
Please enter a last name.
Please enter an email address.
1000 characters remaining
Please enter a message.


Invest using index funds and ETFs

It is bizarre that many active fund managers and financial professionals are paid so much, yet cannot outperform an index fund. The average cost for owning actively managed funds in 2019 was 0.66%. We're going to minimize this fee-taking from your accounts.1 Whether it's stocks, bonds, or real estate, our financial advisors will invest you in low-cost index funds that have historically performed well versus their peers. We also consider other factors, like the liquidity of the index and the bid/ask spreads. There are thousands of index funds to choose from and slight differences matter a lot over time.

We generally purchase index funds as ETFs, but sometimes use the mutual fund format. Learn more about the difference here.

See our fee chart here.

Holistic Management

We want to make this simple for you. Your accounts may include taxable investment accounts, retirement accounts, educational savings accounts, active and legacy 401(k) or 403(b) accounts, and others. We will do the paperwork for you to move them to Charles Schwab, where we hold client money. In that process we often can simplify your account setup. If you have an active 401k or 403b plan we can manage it where it resides as part of your overall asset mix.


Diversify your investments

Modern investment theory echoes what your parents taught you when you were young: "don't put all your eggs in one basket." As many people learned when the markets crashed in 2008, true diversity can be elusive: they had their eggs in different baskets, but the whole henhouse burned down. Your financial advisor will work with you to spread your money across asset classes, including investments like United States Treasury Bonds that offer real diversification in a financial crisis.

Rebalance periodically

"We all wish we had a little genie who could reliably tell us to 'buy low and sell high.' Systematic rebalancing is the closest analogue we have." ~Burton Malkiel, Princeton University. It's all easy to say, but when there is a financial crisis or a bubble, human tendency is to do the opposite. Your financial advisor will create a rebalancing plan for you and be disciplined in executing it. At the same time, our methodology helps lower your tax bill.


Minimize your taxes

Warren Buffett and the Waltons didn't get wealthy trading in and out of investments frequently. They hold positions for extremely long periods of time, minimizing the tax effect of capital gains. Index funds have a tremendous advantage in this regard, as in some cases an investor never needs to sell, deferring capital gains forever! Certain indexes should be held in certain types of accounts for tax reasons. Minimizing the headwind of capital gains taxes is critical to your long term success.


Stay the course

Most people have great difficulty staying the course in an indexing strategy over a long period of time. It is almost as if humans are wired to make the wrong financial decisions: our brains enjoy short-term stimulus, activity represents progress in our minds, we like to do what everyone else is doing, and we have emotions like fear and greed. None of this is helpful as an investor. (See research here, here, here, and here). Once we decide on a suitable investment plan, our job is to prevent you from going astray. Read why most individual investors underperform academic models.


Review your life

We are not computers, and thankfully, neither are you. This means life is going to throw you curveballs, both good and bad. We need to understand where you are in life, events that are coming, your attitude toward risk, your priorities, and other things that matter in a financial plan. Our job is to fit the financial models and investments into your life framework so that you end up in a wonderful place over the years. After all, you don't live to make money, you make money to live.


Relieve your stress

The financial industry is skilled at marketing its services with the promise to reduce your stress. But the excessive fees the industry charges will send your stress soaring when you realize how much money has been extracted from your savings. While protecting you from those excessive fees, we will moderate your fear in a crisis and your euphoria in a bubble. We know it helps to have someone to turn to when the media is screaming that the world is coming to an end. Everyone needs reassurance, and a helping hand to stay the course.



(1) Source: Bogle Financial Markets Research Center. Circular Graph Fee Source: Morningstar Direct, data as of 2019. One Day In July Index Fund Average Fee represents the weighted expense fee for a typical One Day In July client with a 60% Equity/ 40% Fixed Income portfolio allocation with international exposures as of 10/12/2020; this fee does not include investment advisory fees.

Investment accounts are held at Charles Schwab, and clients are able to view their accounts online through the Charles Schwab portal. We will work with Schwab to ensure your account transfers from other financial firms are as seamless as possible. Assets can often be transferred over into your Schwab account in kind.

We have a monthly investment and a monthly savings newsletter from which you may benefit. Click here.


Please enter a first name.
Please enter a last name.
Please enter an email address.
1000 characters remaining
Please enter a message.

How We Are Different
Low-fee index funds. Transparent & fiduciary financial advisors.
Local Financial Advisor
We are in your community. We are local.
Investment Management
We tailor to each client. Index funds at the core.
Index Funds
Broad market exposure, low expense.
Dan's Corner
Meaningful musings from our founder.
Fiduciary
Your best interests are our priority.
Low Fees
Our fees are among the lowest in the nation.
Financial Planner
Financial advisor optimizes your financial picture.
U.S. Treasury Bonds
Use Treasury Bonds to reduce risk.
Book Recommendations
Here are some of our favorites
Who We Serve
We work with clients nationwide from all financial backgrounds.
When Should I Invest?
Life transitions = important financial decisions.
Retirement: 401k and More
Retiring? Plan the future you want.
IRA Rollovers
401k Rollovers. IRA Rollovers
Active vs. Passive Investing
We believe there is a winner in this debate.
The Investment Process
How we work: low-cost index funds, personalized attention.
Simplicity
Simplicity is the ultimate sophistication.
Investing: What to Focus On
Low-fee index funds. fee-only advisor.
Switching Financial Advisors
Can be uncomfortable, but an important step.
Advisor Recruiting
We attract top-tier talent. Not your usual firm.
Basic Investing
Let's start with Investing 101.
Understanding Your Financial Statement
Let's break it down to basics.
Taxes on Investments
What causes taxes within your investments?
Behavioral Finance
Nudge vs. Sludge.
Timing the Market in 2020
2020 - a case study in the futility of market timing.
How Financial Firms Bill
Fee-based vs. fee-only, and lots more.
Who Supports Indexing?
Bogle, Swensen, Buffett, and others.
Transparency
One click to see our fees.
Mutual Funds vs ETFs
Clarifying the difference.
Does Stock Picking Work?
The research says no.
Countering Arguments Against Index Funds
What happens in a down market?
Annuities
Lots of fees, little clarity.
How Do Mutual Funds Work?
Invest in the basket.
How to Relieve Financial Stress
New client? anxiety is normal.
Financial Terms Glossary
Common investment terms you should know.
Firm Comparison
One Day In July vs the competition.
Retired Investing
Retiring? Let us help.
Accounts We Manage
We manage a wide range of investment account types.
High Net Worth Investors
Preserve and grow your wealth.
Investing an Inheritance
Prioritizing and planning for the future.
Frequently Asked Questions
Good questions, real answers.
Female Investors
Your voice needs to be heard. We are listening.
For the Business Owner
Choosing what's best for your business.
Environmental Investing
Carbon intensity, fossil fuels.

Locations

Vermont

Connecticut

United States

Services

Individuals

401k Plans

Institutions

Environmental

Account Types

Differentiators

Cash Flows

Low Fees

Fiduciary

Dedicated Advisor

Materials

Advisors: Join Us

Careers

Articles on Investing

About the Secure Act

Quarterly Booklets

Resources

Vermont Investment Management

Vermont Retirement Planning

Vermont Wealth Management

Vermont Financial Advisors

Investment Tools

In the Media

Shelburne, VT Financial Advisor

Frank Koster | Josh Kruk | Keith McCarthy

5247 Shelburne Rd, Suite #101

Shelburne, VT 05482

(802) 777-9768

Stowe, VT Finanical Advisor

Available for meetings in Stowe.

Peter Egolf

(802) 999-2321

Burlington, VT Financial Advisor

Hans Smith | Katie Muttitt

Nancy Westbrook | Peter Egolf

77 College Street #3A

Burlington, VT 05401

(802) 503-8280

Darien, CT Financial Advisor

Available for meetings in Darien.

Keith McCarthy

(203) 554-9466


v 1.7.44 | © One Day In July LLC. All Rights Reserved.