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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 79084  
Subject: Re: Finding a good financial planner Date: 2/7/2005 11:43 PM
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rrosenkoetter asks,

I need to talk to with someone competent, several competent people actually. I joined these boards hoping you all could help. I want to talk to someone who actually told his clients to get out of stocks anywhere from 1998-2000. Someone who recognized that a P/E ratio of 31 is bubble territory. Someone who has studied the history of the market.

For every financial advisor who told his clients to sell everything in 1998-2000, there are 10 or 20 similarly credentialed people who told their customers to get out in 1995 or 2002, missing the subsequent gains. There's no way to identify beforehand which advisor will be lucky with his market timing predictions in the future.

A better course of action is to just decide on an appropriate asset allocation and rebalance annually.

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