Quote:
Originally Posted by JWGifford
I’ll probably be ridiculed for my answer, lol, but I use an Ameriprise advisor and have used one for 25 years. I’m paying much more than 1%, but he has helped me make some very good, measured, reasonable, decisions over the years that I probably would not have made on my own. Life changes, job changes, inheritances, long term planning, etc. Sometimes it’s more than just what you invest in but what you don't. I think everyone is different. Some enjoy money management. I do not. I value my relationship with my advisor and don't think I’d be where I am without his good advice and steady hand. Different strokes.
|
Thats all fine, however sometime add up what this relationship is costing you and I think you will find that over a 20 to 25 year period it is costing you 50% of your portofilio.