Reply to Financial Advisor, cost per year

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[quote=Anonymous][quote=Anonymous]A close family member of mine is a financial planner. I have no idea why anyone would ever use a financial planner. It boggles the mind. I don't care how rich you are. All this information is free. And you can practically run a financial firm using just free tools through your standard big firm online.[/quote]

You have no idea why someone would use a planner?

All the information to do practically anything is now available for free on the internet, and yet, many people outsource many things to professionals in order to lighten their own loads, simplify their lives and ensure they get the best result. Not everyone is comfortable managing money, nor does everyone have the time to dedicate to it. Not only does an advisor manage your portfolio, s/he helps manage your emotions. All you have to do is check the posts here from earlier this year as everyone melted down about markets, tariffs and Trump. Emotional investment decisions made then have cost them big time, as markets recovered and continue to march upward despite the financial media sounding alarms.

Yes, managing your money on your own is a valid option, but so is hiring a professional.[/quote]

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