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Following up on my own comment, a lot of folks are saying, don't get a financial advisor. My wife and I discussed this quite a bit, and I was also lucky to be a
by jasonhong 8y ago
Following up on my own comment, a lot of folks are saying, don't get a financial advisor. My wife and I discussed this quite a bit, and I was also lucky to be able to ask a lot of questions to my brother, who previously did a lot of work in hedge funds and has managed his own portfolio for decades.
It's a perfectly fine strategy to manage things yourself, as long as you diversify. Be sure to get things that are non-correlated with the market, and diversify over time.
The thing that a lot of people are missing in their "don't get a financial advisor" advice is access. Access to hedge funds, access to some investment vehicles designed to hedge your bets, access to early stage funding of companies. These are things that you would not get easy access to without a good financial advisor.
Again, you can do perfectly fine managing things yourself, so it's basically a judgement call here.