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Subject:  Re: Talk me out of a Financial Advisor Date:  6/4/2013  10:09 AM
Author:  TwoCybers Number:  72422 of 88775

2gifts - you sound to me like you feet are just where there need be -- on the ground. I would only add one other thing which your approach is protecting against. That is an investor panic. More than a few folks threw in the towel and sold all (or at least well over 50%) of their equities in the first quarter of 2009. If the data I read is correct a lot (maybe half) of those folks are still out of equities. They will never recover from that one Sell Low and Buy High event.

A Sell Low Buy High deal is not the end of the world for somebody with a billion or two. But for folks whose annual spending is in the 3% of portfolio range, two such events will be a disaster.

No investor in my experience search for lower returns or higher fees. That said, on some levels you get what you pay for i.e. there is no free lunch.

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