I agree with you l2ridehd. However, some folks do not have the knowledge and understanding of the financial systems to manage their own investments and savings. I know lots of people that simply do not want to take the time to learn to manage their investments. Now you and I know that no one cares more about our money than we do ourselves. That said, hiring an investment manager is better than no management at all. I enjoy managing my investments and have done reasonably well over the years. When the market fell off the cliff a few years back I shifted my 401K to 100% buying stock because I was confident the market would rebound (and it has). History is a good teacher.
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