Reply to Are wealth advisors worth it?

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[quote=Anonymous][quote=Anonymous]We have one. I have an MBA and could do a lot of this, but I don't have time. I also don't mow our lawn, wash our car, or pull weeds. I know how to do all those tasks also.

If you're in it just for returns, you can do it on your own. Just figure out your risk profile.

If you want financial planning advice, that is when it gets helpful. We have a lot going on -- estate planning, planning for college, private school, trusts, and some complicated tax stuff. That's worth it to us.

Yes, I could have hired a CPA and lawyer for each task, and spent a few hours every month rebalancing our portfolio, doing tax loss harveting, and doing the paperwork for donation of appreciated stock to charities we give to. But if that fell on me, it would never get done and I know it.[/quote]

Why do people say they have an MBA like that’s something that gives them credibility on financial management. It doesn’t. I don’t have an MBA and have managed my own household’s wealth, investments, estate, etc. Our NW is north of $10M+ not from salary but from investing our capital myself. [/quote]

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