I have always used Vanguard index funds, 40 percent in stocks, 30 percent in bonds, and 30 percent in cash. I have never paid anyone for investment advice. If you do a little research on your own, you don't need to pay for advice. The biggest problem with hiring a financial advisor is that many of them are more interested in making money for themselves and not for you. And, the least knowledgeable investors are the ones that are most likely to hire an unscrupulous advisor.
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