The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: After meeting with a Financial Advisor||Date: 10/5/2003 12:04 AM|
|Author: intercst||Number: 37395 of 81370|
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.
I'm a long way from age 70 or 80, but if I get to the point where I can't muster the 2 or 3 hours per month I spend managing my retirement portfolio, I'll just sell everything and put it in the Vanguard Balanced Index Fund (a fund that maintains a mix of 60% S&P500, 40% bonds.)
The odds are that that will outperform anything an advisor can do for me.
|Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|