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Author: Watty56 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75701  
Subject: Re: Professional management Date: 7/8/2011 4:35 PM
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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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