Talk of The Villages Florida - Investment advisor recommendation

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I always ask the investment advisor if he knows had to make wise investments why he needs my money to work with.

Quote:

Originally Posted by birdawg (Post 2054114)

I always ask the investment advisor if he knows had to make wise investments why he needs my money to work with.

hopefully the advisor understood the question. :icon_wink:

A monkey can get you the sp 500 return. How does your advisor add value. For most they are like buying rustproofing from a car dealer

Although I am sure he is totally unaware of it, since the mid 1980s when I bought a few shares of BRK at a little over $3,000/share Warren Buffett has been my investment advisor on what has grown to become a large chunk of my (taxable) portfolio.

Defer taxes until you die. Coombs doing most of the heavy lifting now

You are not built for someone else managing your money

Quote:

Originally Posted by Catmostar (Post 2053495)

We are looking for a new investment advisor. I have had BAD luck with the last several and have being using TDAmeritrade on my own. I did OK last year, but I want someone who knows what they are doing. I do not want any income - no annuities - just want to increase my net worth.

I looked at some on the internet in Lake Sumter, but they are so young/inexperienced.

Any suggestions?

To me, SEVERAL is grater than three. I quit after three, and have been happily managing our money since. I have documented investment and withdrawal strategy, spending plans . Go over it with my wife monthly, with quarterly net worth updates. I am in process of developing a plan to simplify the investment plan should I pre-decease her, or go into cognitive decline. We both have MBA Finance. We gave each person, at least in our minds, every chance to succeed. I probably average 1.5 hours a day on this, but am an investor, not a trader.