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Investing/Strategies / Retirement Investing
|Subject: Re: Talk me out of a Financial Advisor||Date: 6/4/2013 10:21 AM|
|Author: AngelMay||Number: 72423 of 77559|
Also, he'll need to demonstrate a far deeper knowledge of investing than I have. I'll agree with others that he isn't worth it if he's merely screening mutual funds for me.
But, seriously, how will you know if he has deeper knowledge than you have? If your own knowledge is scant, he could just be double-talking you and you would never know it.
If you just HAVE to have a financial advisor, at least get one that is fee-based and doesn't take a percentage (which encourages churning).
The smartest thing to do, IMO, is to put the money in some good no-load mutual funds......and....if you just have to play in the market, keep a little aside at a discount broker fr that purpose.
JMO, of course.
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