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Author: StockGoddess 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 79066  
Subject: Re: Professional management Date: 7/8/2011 11:36 PM
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But that doesn't mean she wants to manage everything forever. And I'm in that same boat.


So we shouldn't hire a money pro because they aren't immortal? If mine goes toes-up I'll shop again. If I'm senile I won't know to care, will I? By the time I'm old and feeble it'll all be in boring and safe crap anyway....

I think a professional can be a big help even to someone who's already saavy because you can discuss the pro's and cons of your investment options using the same language - mine is happy she doesn't have to explain every single term to me, your advisor should LOVE it that you know the market! If they don't, that's a bad sign. When I talk to mine we just short-hand it. WHERE did one poster get some outrageous 4% figure? I pay mine $120 a year in fees to manage my funds. And answer the occasional question and balance my 401K.

My pro saved me more on taxes my first year than she charged me.
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