Reply to How do you know if a CFP’s portfolio recommendations are good?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]80% of the time, index funds do better than financial advisors (see Jane  Bryant Quinn). Save your money. [/quote]

Perhaps index funds perform better than actively managed funds, but individual investors are a different story. Their emotions get in the way of their success. And a good planner can help you avoid making emotional decisions about your investments.

https://www.ifa.com/articles/dalbar_2016_qaib_investors_still_their_worst_enemy[/quote]

I don't need to pay a planner thousands to remind me to stay the course. [/quote]

DP.  Then don’t pay one. But given the stats that PP lined up, many investors do underperform because they make poor decisions and *could* benefit from someone telling them nothing more than to stay the course.

I’m in sales (not a CFP) so I know how hard these jobs are – and I’m always amazed at how much vitriol there is toward financial professionals.  If you don’t think you need their services, just don’t use them.[/quote]

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