Quote:
Originally Posted by retiredguy123
I only invest in mutual funds and I do not pay any advisor fees. But, if you are going to pay an advisor, I would suggest that you only pay a percentage fee on the funds where the advisor is actively buying and selling individual stocks. There is no reason to pay a percentage fee on money that is invested in bonds, mutual funds, or cash. I understand that Fidelity will allow you to exclude the money from the fee structure that is not being actively managed by an advisor.
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Far too complex to discuss here. In terms of bond funds,etfs you will find that they achieve above market returns by leveraging,borrowing against bonds they own to buy more bonds and buy buying lower than investment grade bonds.
Terms of paying an advisor. I do not either. Perhaps for some it is worth the fee to have someone besides themselves to blame.
Endless opportunities for free lunches. We went to ONE. I was truly interested. They handed out forms. They had roughly 30 people there. They asked stuff like ss# net worth where your money is. We got a free meal. If,I recall we even got a pen. I did not even give them my name.
As it is said you get notin for nothin. I've never gone to another.