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Reply to "Talk to me about why we should or should not use a financial advisor"
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[quote=Anonymous][quote=Anonymous]I can tell you right now what the details of his plan is going to be. 1) He is going to invest your money in a number of different investments, many of which will pay him a large commissions. 2) On top of this he will "manage" your investments for you for a between 0.5%-1% of your account balance every year. 3) He will sound very knowledgeable and use all sorts of fancy language and sales tactics to convince you that he is securing your financial future or that his big bank has access to all sorts of different investments that have great returns that others don't have access to. At the end of the day, though, you could be far better off just by investing your money in low cost index funds. Yeah - I was pretty underwhelmed by the big bank advisor. It was Wells Fargo. Of course, he is already pushing us to refinance....with Wells Fargo. :roll: [/quote][/quote]
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