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Ask HN: Do you use a personal financial advisor?
If so, how are they compensated?
- roschdal 9y agoNot worth it.
- SirLJ 9y agoNot anymore... better spend the time to educate yourself, because you are the only one, who really cares about your own financial future... Even if you pay the adviser for a result, e.g. percentage of the winnings, he will never cover a percentage of the losses you might incur... And I would never trust a "free" advice, which means he'll most likely be compensated based on a commission, mutual funds are the perfect example... For insurance or mortgage I would get quotes from different brokers and re-negotiate with my bank based on that...