quality is hard to come Yes, definitely. But in my travels, I've come across people whose head and heart were in the right place, who were shrewd and savvy, who loved the game, and by whom I would have been well served were I to entrust my money to them. Few and far between, yes, and certainly not the average brokerage "advisor", but they are out there. I believe it is absolutely necessary to come armed to any discussion with your own knowledge of options, and their pros and cons. Once you've done that, I'm not sure you need an advisor.Yes to the first half, Loki, a frown to the second half. I'm a smart guy and I work hard at this stuff,, but what I know about managing big money --as opposed to my puny little $300k account-- is peanuts compared to the tools and experience big money advisors have. Big chunks of money enable instuments and strategies that just aren't available to little accounts. Using a professional advisor enables discounts on fees not available to an individual. Size matters. db should use it to his advantage.A little guy like me, especially when I was first starting, has to beg for help and accept leftovers. db has the assets to hire good help and to benefit from their expertise. Yes, there a lot of smart people who hang out at TMF, but are we local to db and can we do the quarterly and yearly follow up his plan requires? The plan has to be built and it has to be managed. That's why I think he needs to build a team, not do the work himself. Yes, an informed consumer is a better consumer, be it for medical services, educational service, or financial services. db should learn all he can.No question about it. But the bottom line, I think, is that he starting very late and needs good help, now.I'm pretty annoyed with what TMF has been hyping, lately, for instance Yes, the noise to signal ratio in financial advice -bullsh*t to commonsense, as tested against the historical record-- reflects the chaos and randomness of financial markets themselves. Most advisors are guessing, because they don't know. They don't trade their own money and use the same sorry, cookie-cutter ideas as their peers. But there are good people out there. I've meet some of them. Charlie
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