Quote:
Originally Posted by Villager Joyce
When we interviewed financial advisors, we always asked what is in it for them. Why would I not ask a stranger who is using a pen name?
There is more to it than the amount of fees. If my person changes 1%, but I get 8% gain after all fees and costs and you have no fees but only get 4%, then who wins?
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If you are getting 8% return, and someone else is getting 4%, in the long run, you are almost assuredly taking more risk. Balanced index funds are the way to go unless you are the one in a million investor that is smarter than the overall market. This year's winning stock picker is next year's forgotten under performer.