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Reply to "Talk to me about why we should or should not use a financial advisor"
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[quote=Anonymous][quote=Anonymous]Depends on what you're looking for. My H works as a portfolio manager for an investment firm, which means you actually give them money to invest on your behalf. Of course I'm biased but I think that is worthwhile. A lot of these places have pretty high minimums you have to fork over to be involved though. At H's you have to give them $1M cash. Gains are pretty good [b](they often beat the S&P)[/b].[/quote] "often beating" is not good enough for me with deciding to pay higher fees. and all of those "often" seen gains are totally diluted once you pay the fees, which are all based on a % of the value of your portfolio. The more you have in your account, the higher your fees in terms of dollars. [/quote]
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