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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]NP (and not a financial advisor).  It depends on your financial situation.   If it is simple - a tax advantaged retirement program and a taxable program, no RE, not a business owner, not a lot of money to donate/charity, not a big pot that you plan to give to your kids, etc, you don't need it no matter how much money you have.  KISS.

If you have one or more of the above though, it might make sense, especially to use tax-advantaged strategies thta the masses don't know about and to find a few alt investments that can balance out a portfolio.  But don't expect them to find the golden goose or to beat the market.  They won't.  [/quote]

You can use an accountant and/or a fee-based planner for that. Why not spend $5-10K on advice ONE time and go from there.

Here's an analysis showing that Trump would have $400M more in assets if he had just stayed in the market. People think too short-term, which this points out. Short term he was doing better, long term &gt;&gt; nope.

[url]https://www.forbes.com/sites/danalexander/2021/10/11/its-official-trump-would-be-richer-if-he-had-just-invested-his-inheritance-into-the-sp500/?sh=5c2a3be1c486[/url][/quote]

PP.  My point wasn't to use an adviser to pick investments.  There is not a human being on the planet who can do that in a cost-effective manner.  My point was that for those with substantial wealth, or anyone who doesn't receive a W-2, an advisor can be  helpful.  [/quote]

Yeah, a fee based advisor. We don’t have a W-2 and our accountant is fine. You should never pay 1% for financial advice unless you’re into losing $$$. [/quote]

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