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URL:  http://boards.fool.com/an-import-and-consideration-to-keep-in-mind-is-29403411.aspx

Subject:  Re: Professional management Date:  7/8/2011  4:35 PM
Author:  Watty56 Number:  69237 of 75776

An import and consideration to keep in mind is that you may find a professional manager that work well for you and plan to use them long term, but they are human too and they may very well die or retire while you are still alive. Even if it is a company with multiple people the company could be bought out or merge with a very different company.

You would then either have to find another one or hope that whoever takes over their accounts is just as good. By then you may not be up to making a big decision like this or your spouse might have to decide what to do. This could leave you vulnerable to being taken advantage of.

I’m in the camp of having a simple assortment of index funds that are basically on auto-pilot that a spouse or relative can help you with as you age.


Greg
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