No. of Recommendations: 0
But, suppose this guy *is* truly superior. Great. You invest with him and he does well for you for 5-10 years. And then he gets bored, or gets hit by a bus. Now you find your money is invested in a bunch of stocks & funds that you know nothing about, and you have no idea why you own them, other than Fred decided to buy them for you.
Now what do you do?

Simple, pull my money out of those funds and invest in whatever manner I see fit at the time.

I guess I'm having trouble accepting the prevailing wisdom here that ALL FAs are bad.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.