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Professionals exist for a reason. Whether software or investing, you are better off with a pro. All these anecdotes make my eyes roll. Once you've seen a few p
by ficklepickle 6y ago
Professionals exist for a reason. Whether software or investing, you are better off with a pro. All these anecdotes make my eyes roll.
Once you've seen a few people torpedo their retirements, this macho pass-time loses it's lustre. For the love of god, hire a competent professional for your financial planning.
If it is entertainment, that's fine. Still, hire a pro for the money you aren't gambling with.
It can be difficult to find a good one in an industry with so much woo. Shop around for one that isn't trying to sell you something.
- rjkennedy98 6y agoThis is wrong. My mom hired a professional and made under 4 percent a year during the biggest bull market in history. He got 1% and the mutual funds got 1% so fees were over half her gains. Professional financial advisors are mostly crooks. They sell fake expertise and often put your money in places they would never put it themselves. Better advise is to read some books on personal finance and invest in low cost index funds.
- marketgod 6y agoFind a fee-only advisor and have them setup a plan. Then vet their plan with another one. Also do your own research. People need to realize they have a second job no matter if they like it or not which is to allocate your assets and manage your risk.