Talk of The Villages Florida - Anyone use an advisor who works on an hourly basis.

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- - Anyone use an advisor who works on an hourly basis. (https://www.talkofthevillages.com/forums/investment-talk-158/anyone-use-advisor-who-works-hourly-basis-343673/)

Quote:

Originally Posted by retiredguy123 (Post 2269785)

Well, personally, I'm just too cheap to pay someone for advice.

I get it, rg123. I really do.

Looks like my number one rule for investing: Know Thyself

Even beyond not wanting to pay for financial “advice” from somebody trying to sell me something, I also have this trait of being responsible for my own actions. If I make a bad buy or sell, I do not need or want anybody else to blame. I find myself to be exceedingly annoyed by people who always have to blame somebody else for their own mistakes.

I know I am not normal. :)

Boomer

Quote:

Originally Posted by Boomer (Post 2269777)

Well, rg123, looks like that is just the way it is. She is an actual, for-real, fee-only planner. Seems like they are not easy to find.

I looked up Garrett Planning Network, of which she is a member, and typed in "The Villages, FL" in the part that says "Find Advisor" and found that there are no members in TV and not that many in the state.

Looks like Garrett is fee-only, only.

I, personally, would not want to go to an advisor that I had not met with in person, anyway.

It sure is hard to find fee-only advisors. I think the "other kind" can have it pretty easy, what with the commissions, the loads, and that wicked thing where they get a percentage of your portfolio (AUM) whether you are up or down. Never made any sense to me. But. . .that's just how I am, and I acknowledge that someday I might need to change my behavior. Not easy for an old leopard. :)

Boomer

I have contacted multiple Garrett Network Advisors. While they may be "fee only", many of them use AUM charging models. That is the same system large firms like Fisher Investments uses.

Quote:

Originally Posted by Caymus (Post 2269793)

I have contacted multiple Garrett Network Advisors. While they may be "fee only", many of them use AUM charging models. That is the same system large firms like Fisher Investments uses.

Hmmmm, sounds like fee-only advisors are not created equal. Maybe Garrett is only a place to start the fine-tuning of the search.

This is not easy, is it.

Boomer