Reply to Am I overpaying my financial advisor?

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Reply to "Am I overpaying my financial advisor?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Op, you're paying over $10,000 a year for investment results that are worse than if you just put everything in index funds.  Why are you even talking about trying to talk them down so you're only spending $6,0000 a year to get worse results than you can get yourself?  [/quote]

So.. your risk tolerance is index funds? Which index?

For example, the S&P 500 was down 18% in 2022. Some people don't have that level of risk tolerance.[/quote]

There’s only one that matters…VTSAX and chill.  Pay your monthly bills and then plow whatever’s left over into VTSAX without fail. There’s simply no need to ever look at your account balance if you’re consistent, only to check for a tax loss harvesting opportunity on a really bad day or near the end of December.. You can thank me later.  [/quote]

VTSAX was down 19% in 2022. I realize markets have ups and downs, but if you ask a lot of people if they are willing to invest in an investment that can lose up 20% a year, many will say they don't have that level of risk appetite.

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