How many are loving paying their financial advisor now?
 

Not expecting many got people out when the should have. What excuses do they give you? Wait 10 years and it will be fine. Many don’t have that long

If an investor hasn't been aware what going on and impacting the US, Canada and Europe they may want to move out of the cabbage patch they are living in. I've lived through the 9/11 stock market lived through 2008 market drop, Covid drop last year. I didn't need a financial advisor to clue me in or advise me, with inflation and the upcoming housing bubble tell me I'm wrong.

Since one cannot consistently time the market best course of action is to buy good stocks or funds and stay the course.

Otherwise all to often you will sell low and buy high.

Most villagers don’t have time on their side. The downside of equities. Liquidity drives markets

S&P officially in a bear market - 20% lower. Target lost 35% in one day. Hang on as it’s not over yet!

Very true but since we seem to be living longer cannot run out of money so some should be invested in equities problem conservative ones like a value fund or dividend growth.

My pension is in real estate, only my children and grandchildren's inheritance is in the market, they should have plenty of time and will most likely see this happen again before they need it so I'm in for the long haul as I was through the last few cycles.

Ran across this when searching for a “Fee Only” (not fee-based) advisor. I pay an advisor like I pay my accountant or attorney - by the hour. I rarely need to call now as I am retired and no longer own a business.

Two investors:

Beth: Starts with $10,000 and adds $8,000 annually into index fund earning 8% (this is conservative as the S&P 500 has returned, on average, 10+% for many decades, including reinvested dividends). Her balance: $2.29M

Joe: Same as Beth but returns are 7%. This reflects a 1% AUM fee.
His balance: 1.74M.

I will pass on the “free” polo tickets and T-shirts. For those that would like help in managing their portfolios, I would recommend Vanguard. You can speak with a CFP and they only charge 0.30%.

If investment counselors knew the market ups and downs, they would all be rich, and not need your commissions to make a living.

A very wealthy and astute investor was once asked about his secret for success and he answered - "I sold too early." The obvious point he was making, is that he didn't try to perfectly time the markets, which is impossible. It's also a good segue into a saying that my dad likes to use, which is - "pigs get fat...hogs get slaughtered." Both sayings go a long way in explaining the Oracle of Omaha's - many decades of success.

Very true, stick with the winners as they continue to win.

Bear market
 

Nope. The NASDAQ is in a bear market but not the DJI or SPX just yet. To be in a bear market the DJI must close below 29440 and the SPX must close below 3837 today.

I'm a big fan of Vanguard but not so much their advisory services. I used them for a few years and after we set up the asset allocation 60/40 they did nothing. Their philosophy is pretty much to put everyone in a 60/40 allocation and leave it. Its not a bad plan however what do you need them for when you can do the exact same with a vanilla 60/40 fund which costs you maybe ,002%

You say tomato and I say tomato or however you spell them.

I agree. I have been a Vanguard client for over 35 years yet have never utilized their advisory services. Also, I have never paid and will never pay an AUM fee.
However, there are many people with little or no knowledge of how to structure and manage a portfolio. Also, they may have no desire to learn. That’s okay. These individuals would be far better served with a company like Vanguard where they can speak with a CFP than the local Villages “advisors” peddling high-commission indexed annuities plus high AUM fees.
They have no idea just how much they are paying for, what I believe, is poor advice that is hazardous to their wealth.