Hi all. I have a reasonably large amount of money (not comfortable with disclosing the amount on a public forum) which is currently invested with a large investment firm outside the USA (I am not a USA national) A financial advisor handles the quarterly portfolio rebalancing. Returns have been 4-8% PA average.

I did my due diligence with this company and have been ok with the returns thus far as I've previously never managed large sums of money before. The downside of this approach is that I have to pay the wrap fee, which is about 0.2%, and that eats into my profits of course. This is not commission based, it's fee-based.

I have however also taken it upon myself to learn more about investing. I know more than I did a few years ago, but definitely not at the CPA level. I freelance and don't have a 401k.

Thus far, I am ok with the "fire and forget" style I use since if not I would have to invest all that myself, and while fun to a degree, I don't enjoy it that much. It does however occur to me that since I'm doing that, I could simply buy a ETF/index fund.

When I broached this topic with my advisor, he said that my portfolio already has some (it does)

What I am wondering is whether I should put more of my money into something like the S&P 500, that