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My portfolio with foreign value stocks and gold and silver mining stocks, plus oil companies is doing great. I am up by more than 10%. This is just the beginnin
by mise_en_place 5y ago
My portfolio with foreign value stocks and gold and silver mining stocks, plus oil companies is doing great. I am up by more than 10%. This is just the beginning for them.
My financial advisor who manages the vast majority of my wealth is down 2% in comparison. I'm close to pulling my money because he's extremely anti commodities and I had to yell at him to invest my money into mining companies because he thinks it's better to just hold cash. Meanwhile my networth disappears. Don't use a financial advisor would be my advice to you and do your own research.
- WalterBright 5y agoIf you're telling your financial advisor what to invest in, what's the point in having one?
- ThalesX 5y agoProbably to advise you and take care of the nitty gritty details of your decisions.
- rrrrrrrrrrrryan 5y agoI think oil is a moderately risky bet on future geopolitical-economic turmoil, which is far from guaranteed, but your other bets are much more conservative. How are you invested in "foreign value stocks"? (e.g. are there certain funds / ETFs? Individual stocks?)
- sethammons 5y ago> he thinks it's better to just hold cash That doesn't make sense to me. Equities can rebound, cash cant
- jason0597 5y agoHow much wealth would one even have to warrant having a financial advisor? And also, aren't they a waste of money most of the time? Their function can be reduced to flowcharts you get from Reddit a lot of the time