I think this information makes plenty of sense. Researching financial advisors on competence as well as people's opinions can make all the difference when trying to get an fa to meet your needs.
DON'T use a financial advisor. A huge ongoing study proved that people doing their own investing do MUCH better than people using these 'professionals'.
The study: 'Assessing the Costs and Benefits of Brokers in the Mutual Fund Industry'
The fees these guys charge to underperform the market eat up literally hundreds of thousands of dollars of your nest egg.
Buy a target retirement date fund from Vanguard and you'll outperform 99% of these guys.
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tomnohr 1 year ago
I think this information makes plenty of sense. Researching financial advisors on competence as well as people's opinions can make all the difference when trying to get an fa to meet your needs.
Pro2ProNetwork 2 years ago
BS! a FA's P&L shows how well he did his job.
sendemailhere 3 years ago
Dominique,
That study you talk about.. How can I get it?
Is it available online?
Regards.
MpLMx 4 years ago
DON'T use a financial advisor. A huge ongoing study proved that people doing their own investing do MUCH better than people using these 'professionals'.
The study: 'Assessing the Costs and Benefits of Brokers in the Mutual Fund Industry'
The fees these guys charge to underperform the market eat up literally hundreds of thousands of dollars of your nest egg.
Buy a target retirement date fund from Vanguard and you'll outperform 99% of these guys.
dominiquehoward 4 years ago