<prompt> Human: A friend of mine has a Roth IRA that is managed by someone at The Mutual Fund Store, whos through Schwab. He told me that basically, this dude gets a cut every quarter based on how his portfolio performs. Ive thought about doing the same, seeing as how I know nothing about investing and the markets, etc. Good idea? Bad idea?  <response>: Its not really necessary. Head to your local library and pick up the Bogleheads Guide to Retirement Planning or the Bogleheads Guide to Investing, both by Larimore et al. You can learn enough to manage a simple 3-fund portfolio by yourself. 