Reply to Financial Advisor, cost per year

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Fidelity Investments is a very good co that’s family run by the Johnsons.     They’ve never been part of a major scandal in 80 years in business.   I wouldn’t know the first thing in how to invest money so I leave it up to the experts.  They take a percentage, the more money you have with them the smaller the percentage.   
[/quote]

This is not good advice. If you are going to use an advisor, use an independent advisor (known as an RIA), not one who works for the funds they want to sell you. I guarantee PP's funds are in a bunch of Fidelity funds, even if there are better non-Fidelity options out there.[/quote]

I couldn’t trust an independent advisor.  It’s too easy for them to run a pyramid scheme or steal some of your money.  Investment companies sometimes have thieves working there as analysts but it’s rare and you’re covered by a billion dollar company.  [/quote]

DP. You don’t have to have them manage your money. You can get a plan and follow it. Heck, you could check in 6 months later, instead of a year, or even quarterly. It’s still way cheaper than .08-1%[/quote]

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