No. of Recommendations: 2
TTRoberts informs,

Hmmmm? So you're suggesting such a person should not have a asset allocation that reflects their risk tolerance and just have everything in an index fund?

It's been my experience that those who don't have the interest and/or drive to manage their own investments don't have the risk tolerance to have everything in an index fund. Even using an index fund, one needs to manage it. If such a person had gotten into an index fund a year ago, are you saying they just should have sat there as the market declined? I don't think you'll find any financial or investment advisors that would recommend such an approach.

Since 80% to 90% of financial or investment advisors under perform the S&P500, should anyone really worry about what they recommend?

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