r.a.d.For me, it is really not about some amount of money as much as what I like doing. I was a mechanic on a submarine and used to love doing mechanic stuff - now I may help my step son rebuild the 289 in the 68 Cougar I gave him. But I don't want to do that "all the time." Currently through work I have access to some of the best research around and enjoy crunching some numbers. So, I manage my own and do OK. It doesn't matter if I had two or ten zero's as an amount - I am engaged and there is a challenge! Besides the casinos are a bit to far away.While I dont agree that all brokers are scum, I have seen enough to understand the finding a trustworthy one can be a chore. My father has always paid a guy, cause he doesn't like doing figuring out this sort of thing. Not particularly fond of the guy Dad has as he has a bit of the churn mentality and thinks every one should be 100% equity, but Dad gets comfort and if spending an extra couple of basis points gets him comfort - do it! But as mentioned watch out for fees, churning, etc. While SG gets good service with EJ for $120 a year for some folks that would be equivelant to 1% of assets under management. So the point there is that using a fee only advisor is not a bad idea, just that some folks figure their "fee" is worth far more than it really is. I would suggest, that just like keeping the transaction fees low, make sure the amount of money that you have the professional management fee only advisor review is enough to make the fee small in comparison.For me with almost 6 figures in my account - 5 to be exact ($200.00)you can see that paying the modest sum of $120 would not be a good idea.The other ideas mentioned are a set it and forget it portfolio or a horizon fund. Both are also perfectly good options but neither are based on a number or an amount -
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