Reply to Talk to me about why we should or should not use a financial advisor

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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 believe the long and short of it is that people with high HHI can afford paying the 1.5% fee just because they can.

But if you know all these facts and are still on the fence, it might mean you're just not satisfied with letting that 1.5% go.  In that case, why not give 50% of your investment amount to the financial planner to play with, and dump the other 50% in an index fund.   Wait a year or two and you'll have a better picture [/quote]

Previous poster -- that's not a bad idea.   Thanks!    The "not letting the 1.5" go is mainly because of boards like these - people who say you are stupid for doing this.    What I don't understand is that I readily outsource lots of other parts of my life that I could do myself.    If I take what the fee is that the investment place would charge on the assets -- I pay 3x that amount every year just on my housekeeping service.   Of course I could clean and vacuum myself but I don't and I don't even really think twice about it.   So why is it so insane to pay someone to do this part of my life too?
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