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Reply to "As an advisor, into the shark tank..."
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[quote=Anonymous][quote=Anonymous][quote=OTAlexFA][quote=Anonymous]OK, so here is your opportunity to help someone i. Your line of work keep a client. If my net of fees return on my investments so far this year is 5.2% and the S&P 500 Price Index return for the same period is 6.1%, why am I not better off just putting all my money into an S&P 500 Price Index fund? Especially given your earlier comment that advisors can't beat the market.[/quote] Because I would hope that you hired an advisor for something more than picking stocks. That's only a portion of what they are there for. [/quote] If someone is getting a fee to manage a portfolio, what else are they doing other than picking stocks?[/quote] OP, can you address this question? I know some financial advisors sell insurance, but that is not something you need to buy every year. [/quote]
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