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Author: MikeNoonan One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19257  
Subject: Re: Early Retirement Now Date: 4/11/2000 3:33 AM
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newdirection,

Food for thought. Say your financial advisor has 365 clients. Which day of the year do you want his/her help? What is (s)he doing about planning/watching your accout for the other 364 days? How many days a year do the high rollers get? Same as you?

My problem with the financial advisor is that (s)he has no skin in your game - i,e., the fees are the same whether you are winning or losing. Seems to me that it would be fair if they gave you money back if you lose money based on their advice. Try to find someone who will participate in you wins AND loses.

In the meantime, I'm doing it on my own. I retired at 57 a year ago and am using the RP4 and other Workshop screens to select 20+ stocks. You CAN do it.

It took me 3-4 years to get to this position with a lot of reading (Fool books - the Investiment Guide and Sheard's columns/book and now the new FF/Workshop writers). I started small with an Ameritrade account, moved over a few dollars to test the waters in the FF4. No big bang just steady taking control of my own money. Sort of like breaking in a pair of shoes.

I lived in Silly Valley and recently moved to the slower paced coast but I have no plans to leave the Bay area. Actuarilly, I am just beginning my third age and therefore I am fully committed to agressively growing my portfilios.

Bon Fortune,

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