Reply to if you have a financial advisor-question on fees from mutual funds

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[quote=OTAlexFA][quote=Anonymous]also, to the financial advisor above, do you realize that you have to beat the market by whatever your fees are (i'm guessing they are also in the range of 1-2%?), just for your clients to BREAK EVEN?

can you please explain why you are working as a financial advisor and not sitting on the beach somewhere counting your billions if you are able to beat the market by a couple percentage points on a consistent basis? [/quote]

Wow, that couldn't be more incorrect.  Say I charge 1.5% for your example...that means, I have to put them in vehicles that will return 1.5%.  That, my friend, "BREAK(S) EVEN".  You're trying to talk about generating alpha over the benchmark, or, as people like to refer to it here, the "market."

I've actually discussed what FAs do previously, and a little ad nauseum, so I won't go insane repeating myself what we do.  In fact, those that are this venomous aren't worth the time because I hope people see through the vitriol.  And, if not, I'm not going to change their mind anyway so I'm just wasting effort to begin with.

If you want to try and be the market or beat the market, go high risk and 100% equity exposure.  Go all in!  [/quote]

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