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Money and Finances
Reply to "Please recommend your financial advisor"
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[quote=Anonymous][quote=Anonymous] The stock market long term average gain is only 5% annually.. If you pay an advisor 1% of the entire value of your stock portfolio each and every year you'll retire with peanuts. [/quote] An advisor can easily make up that 1% difference through tax loss harvesting and regular portfolio balancing. Of course, you can do that too if you remember to check on this every week or so.. but that takes time and research time that not everyone has. Just like mowing the lawn and auto maintenance. I'd rather spend that time with my family.[/quote]
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