Reply to Talk to me about why we should or should not use a financial advisor

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[quote=Anonymous][quote=Anonymous]Heck, we're both MBAs and know finance.. but we'd rather spend that time with our kids and on other matters. It's worth 0.85% per year to us.[/quote]
No, you actually don't know finance.  In fact, your post basically just laid out all the proof we all need to know that not only do you not know finance, but there is a high probability there is a lot more stuff you have no clue about either.  Just reading your post makes me wonder if you are one of those online MBAs or if you were just kidding or something.  There are so many problems here I don't know where to start. What your adviser is doing is elementary to someone with basic financial skills and certainly an MBA (unless it was Strayer or SNHU).  Based on the language in your post what I am getting is that you come from money and are used to having things done for you so you'd rather not bother yourself with learning or doing anything and would rather pay someone to do everything for you except play with your children.  Close?  If not, and you still want to play finance guru, maybe you can start by explaining to us how you being in 100% equities is less risky in the event of a market downturn than someone in 100% index funds.
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