Quote:
Originally Posted by Rainger99
How many people have financial advisors? The ones that take a % of your money?
The ones who they do better when you do better and they do much better when you lose money?
Are they giving you any helpful advice? If they knew what they were doing, they should have been buying the following stocks.
1. CVS Health (CVS): Up 49.9% YTD, making it the top performer in the S&P 500.
2. H&E Equipment Services (HEES): Up 93.6% YTD.
3. IHS Holding (IHS): Up 78.7% YTD.
4. Philip Morris International (PM): Up 31.9% in Q1 2025.
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I’m not defending financial advisors and I don’t use one, but their job isn’t picking individual companies to invest in. That’s what portfolio managers of actively managed funds, that attempt to beat their market benchmark, do (not index funds). A Financial Advisors job is to evaluate their clients goals and constraints and recommend the appropriate asset allocation and best investment vehicles to achieve that mix of investments.