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Money and Finances
Reply to "Do you have a financial advisor?"
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[quote=Anonymous]No one on this thread has defined what type of financial advisor we are talking about. If someone who charges a percent of your assets to manage them, no way. Study after study shows most managers cannot beat the market. Also there is little reason to be changing things in your portfolio. Invest in broad market index funds/ETFs and stick with them. If we're talking about the type of financial advisor who develops a financial plan and provides investment advice for a fixed fee, maybe. Those services can be very expensive, and are akin to what can be found on online calculators and are based on all kinds of assumptions anyway. We have a guy who truly provides hourly advice as needed for an hourly fee. He reviewed our index fund portfolio and provided advice. Mostly you have to develop a plan and stick to it no matter what the news is saying or the market is doing.[/quote]
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