What is your net worth and do you have a financial advisor?

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[Post New]10/02/2018 14:39
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Anonymous
$10mln, of which about $1mln is liquid (a lot of the $10mln is the value of a business we own). We have an advisor. We just don't have time to deal with rebalancing portfolios, tax loss harvesting, etc.

We also don't mow our own lawn, wash our cars, or clean the house.
[Post New]10/02/2018 14:42
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Anonymous
We started using a fee-only financial adviser around $1M in net worth, and it has been one of the best things for our peace of mind and overall financial comfort.

If someone likes getting into the weeds on investment details, more power to them. But we don't, and we like having the help and access to an adviser.
[Post New]10/02/2018 14:45
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Anonymous
Just hit $1M NW this quarter. No, I don't have a financial adviser and don't plan on it.
[Post New]10/02/2018 16:01
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Anonymous
80k, im one of the poors on here. No.
[Post New]10/02/2018 16:12
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Anonymous
We got a financial adviser when we found out we had a defunct pension account. If we were to liquidate it more than half would have gone to taxes. The company had a great incentive to keep it. Move it over to a private investment account and they would give an extra $25k to help it grow. FREE MONEY.

Husband did it and now it has grown unbelievably in the last 3 years. Husband then opened an IRA for me. Our adviser also gives us free advice on our other big retirement account. A win win all around.

You don't have to be wealthy to have a financial adviser.
[Post New]10/02/2018 17:09
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Anonymous
2.2M, home equity and retirement accounts. No.
[Post New]10/02/2018 17:11
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Anonymous
285k including home equity. No advisor.
[Post New]10/02/2018 17:11
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Anonymous
Anonymous wrote:No. It is my husband's personal hobby and he truly enjoys it (weird, I agree.) We are around $1.5M if you include home equity and college savings.


Don't include college savings.
[Post New]10/02/2018 17:12
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Anonymous
About $2m, retirement accounts, home equity,and taxable accounts. No way. Bogleheads for the win.
[Post New]10/02/2018 17:23
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Anonymous
Anonymous wrote:About $2m, retirement accounts, home equity,and taxable accounts. No way. Bogleheads for the win.


Another Boglehead here with Vanguard index funds and home equity. NW $1.3m.
[Post New]10/02/2018 18:31
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Anonymous
$5.8 million and no.
[Post New]10/02/2018 18:38
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Anonymous
1M and yes. I don’t do numbers very well.
[Post New]10/02/2018 18:59
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Anonymous
$4M no advisor. Self manage mostly with low cost index funds.
[Post New]10/02/2018 19:10
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Anonymous
$1M and no.
[Post New]10/02/2018 19:52
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Anonymous
1.3 and no.
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