Quote:
Originally Posted by fgaba1949
Iam constantly amazed at some of the purchases of our Village people ! I cant tell you how many people lost huge amounts of money using a paid financial advisors and held TECH through a rising fed rate environment ..and financial advisor would know that a mutual fund full of tech would plunge when the fed was raising interest rates,,,as tech stocks are highly leveraged
|
I agree about financial advisors. For most investors, advisors don't add much value to investing. They get away with it because many of their clients don't hold the advisor accountable for the performace of their advice. Often, advisors cannot outperform a simple index mutual fund.