Talk of The Villages Florida - View Single Post - Why hire an investment advisor/planner/counselor?
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Old 10-03-2023, 10:26 AM
oldtimes oldtimes is offline
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Originally Posted by snbrafford View Post
I don't want to take the time to do my own investing. I have some friends that do and spend hours every week making trades. I have been with them for at least 10 years. Over the last 5 years (with all the stock market turmoil), I have averaged 4.8% return. In good years, it has been as high as 22%. There is a monthly fee based on the amount of investments managed. I get a call at least every quarter from my financial advisor with trade recommendations - doesn't do any trades without my approval. I can call/message anytime and he gets right back to me. They have a portal (not unique here) where I can check stuff as often as I want. Before retirement, I had my 401K money "managed" by other firms but never got any investment advice and had to pick my investment locations (which fund(s) to invest in and percentage) myself. As soon as I was able, I pulled funds out of 401K and put with EJ where I believe it is actively being managed by someone for me. I've been very happy.