Advisors are Needed At times
I have been managing my investments for many years and found that I could use many of the tools available to select good stock investments. However, I also have an investment advisor because I found he had access to many fixed income opportunities that I had no way for finding. When he started in the business, he was trading fixed income assets for one of the big financial firms. Eventually I worked in his firm for 13 years and came to realize that his network could find good fixed income assets much better than I could. The portfolio that he manages is heavily into fixed assets while the portfolio I manage myself is almost stocks and EFT's. This approach allows me to allocate my total portfolio easily.
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