Quote:
Originally Posted by Advogado
In any event, the cost of the food is recovered many times over in their fees. If you eat their lunch once, they may be eating yours for years. If you can't actively manage your own investments, think of low fees. E.g., Vanguard index funds-- shop around.
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I have had a financial adviser for the last ten years and wish I had done so earlier. I was very foolish. I guess you drill your own teeth too? Someone who is schooled and follows the market full time as their job can always always out perform an amateur. I don't care how diligent you are.
I did my own investing prior to seeing the value for myself. I guarantee I have made an extra 3 to 5 percent more on my money by using an adviser.
year over year. He has made me much more than the 1/2 to 1 percent he charges. Try a "shadow portfolio" from a reputable financial adviser for six months or a year.
And by all means use an independent adviser and not one from a big company like Fidelity or Raymond James etc as they are just salesmen. An Independent can use products from any source not just their own company.
Off my soapbox now.....
