UnThreaded | Threaded | Whole Thread (124) | Ignore Thread Prev | Next
Author: TwoCybers 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 75794  
Subject: Re: Talk me out of a Financial Advisor Date: 6/4/2013 8:41 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 7
ResN wrote I said simple math. Since you obviously can do it, then do it. Paying 1% or more to a financial advisor who then will put you in funds that charge another up to 1% or more in expense ratios doesn't make sense unless you have money to burn. Since you indicate that you have money to burn, then have at it.

This strikes me as arrogant at best. You are correct the math is simple. Maybe other folks have different needs or values than you. Are you taking the position anyone whose views differ from your is an idiot or fool?

Speaking of simple questions - If you experienced some mentally disabling event (say a stroke) tomorrow and lived for another 20 years, do you think your returns would continue at the same rate of return relative to the S&P?

If your answer is yes, please post your method for that kind of auto pilot. That would be valuable, informative and maybe useful.

Gordon
Atlanta
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (124) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
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.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! 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.
Advertisement