The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: After meeting with a Financial Advisor||Date: 10/4/2003 8:10 PM|
|Author: ImAGolfer||Number: 37391 of 80200|
Just reading this thread, it would appear that the consensus of the board is that: A). No Financial Advisor is worth the money they charge and B). No Financial Advisor has enough ethics to recommend what's best for their clients regardless of the commission involved.
I don't happen to agree with that consensus. A good Financial Advisor is like any other good investment, difficult to find but worth the effort. Superior Financial Advisors are just as rare as superior investments.
While a lot of posters here appear to be able to make their own good investment decisions, a good Financial Advisor would still probably be worth the extra charge over a discount brokerage.
Just my 2 cents.
Hey PosFCF. I tend to agree with your observations about Financial Advisors. I like investing but I can't see myself doing this sort of thing when I'm in my 70's and 80's. I would much rather someone else take care of the day to day running of my account. I realize that I have the ultimate responsibility and will monitor the account accordingly. Just my $.02.
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