No. of Recommendations: 0
Maybe this guy is a charlatan
Most likely, he is not a charlatan. Most likely he's a straight-up guy ---- who is overly confident in his stock picking ability. Wall Street is littered with the bodies of people who thought they were genius investors.

it's hard for me to believe that it's not possible to find an advisor who can't do a better job of investing than me after expenses
Oh, there are probably such advisors out there. But not for the likes of you and me. They are the ones who take new clients only by recommendation of existing clients, and who have minimum account size of $10 million or more.

It's quite EASY for me to believe that I can do a better job of investing my money than any of the FA's I could find.

"Everything you need to know about successful trading and investing is on the web, gratis. There are no secrets. The rules of the game are known for each of the major market approaches – momentum, value and statistical arbitrage. The main edge you need is called discipline. There are multiple market approaches that have been proven to work (momentum and valuation driven) and yet most people don't have the discipline to stick to them." -- Ivan Hoff

My primary concern is what my wife will face if I die first. And for that I have standing instructions: "Scott Burns Couch Potato portfolio
50% Vanguard Inflation-Protected Securities (VIPSX), 50% Vanguard Total Stock Market Index (VTSMX), rebalance once a year."
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.