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I have found there is really good advice out there, it's just in places most people won't look. The first one is books. Go to a book shop, and find a book on p

I have found there is really good advice out there, it's just in places most people won't look. The first one is books. Go to a book shop, and find a book on personal finances, written by a registered financial advisor in your country, for your country. It'll be long, stuffy, boring as fuck, but you'll likely come away well informed. I think if you're reading HN this would suit. Second one is personal financial advisers. You want to talk to an independant one, who's not tied to a company that's actually selling financial products. They shouldn't be paid a percentage commision (also called trailhead) on your money - I never understood how somebody can be 'acting in your best interests' if they're paid by how you invest. You should pay them by their time, like you would a doctor. Except it'll cost like $200 You also want a personalised financial adviser. Some advisors say like the one you'd find it you went to a bank, or a mortgage shop have a limited scope - they're only allowed to give advice about the bank's products, or mortgages specifically. You want full picture. Sometimes employee assistance programmes if you have that will actually get you a few free sessions with an adviser, use them.

daurnimator 4y ago
> You should pay them by their time, like you would a doctor. Except it'll cost like $200 I looked into this a couple of months ago. It turns out it costs minimum ~$2,000 here in Australia to get anything that's not "General Advice only".
- JusticeJuice 4y ago
  Ah dang. I was a bit worried I low-balled that number. You might've already seen this, but you tried this guide for finding one? There's a register of advisers in aus, could shop around a bit? https://static1.squarespace.com/static/5eb4889e5e47b4255c41009e/t/5edf5a6f3704b46a54706dc5/1591696002687/Who-Can-I-Trust-2020.pdf https://static1.squarespace.com/static/5eb4889e5e47b4255c410...
Ozzie_osman 4y ago
> Except it'll cost like $200 I don't know where you could possibly get high-quality, personalized financial advice (with fiduciary standard) for 200. From my experience it's more likely it's on the order of thousands of dollars.
- Ekaros 4y ago
  Question is do you need personalized financial advice? Or would covering the basics be enough? And here I'm talking about average people with somewhat middle or upper-middle class income.
  - dehrmann 4y ago
    For the most part, no, I don't think most people need it. A boglehead lazy portfolio will be good enough. The tricky bit is what to do if you want to buy a house in the next few years.

daurnimator 4y ago

> You should pay them by their time, like you would a doctor. Except it'll cost like $200 I looked into this a couple of months ago. It turns out it costs minimum ~$2,000 here in Australia to get anything that's not "General Advice only".

JusticeJuice 4y ago
Ah dang. I was a bit worried I low-balled that number. You might've already seen this, but you tried this guide for finding one? There's a register of advisers in aus, could shop around a bit? https://static1.squarespace.com/static/5eb4889e5e47b4255c41009e/t/5edf5a6f3704b46a54706dc5/1591696002687/Who-Can-I-Trust-2020.pdf https://static1.squarespace.com/static/5eb4889e5e47b4255c410...

Ozzie_osman 4y ago

> Except it'll cost like $200 I don't know where you could possibly get high-quality, personalized financial advice (with fiduciary standard) for 200. From my experience it's more likely it's on the order of thousands of dollars.

Ekaros 4y ago
Question is do you need personalized financial advice? Or would covering the basics be enough? And here I'm talking about average people with somewhat middle or upper-middle class income.
- dehrmann 4y ago
  For the most part, no, I don't think most people need it. A boglehead lazy portfolio will be good enough. The tricky bit is what to do if you want to buy a house in the next few years.