Why pay a doctor to heal you when everything he knows is available on the web?olds442jetaway wrote: ↑Thu Nov 26, 2020 12:23 amI will never pay a financial advisor when one’s own research and fact checking can do better.
A good financial advisor is worth their weight in gold, and will find you ways to make money you simply don't have the time to find on your own.
I used to spend hours pouring over charts and taking online classes on how to find stocks but no longer do so. I do have two managed portfolios and they are great when the market is going down, but not as good when the market is rising rapidly. They spread my money out over various sectors and seem very good at getting out of positions before they go south.
Everyone likes to talk about their home runs and kind of sweep their strikeouts under the rug. Managed portfolios don't hit many home-runs or strikeout much, but produce a lot of singles and doubles.
Just as important to managing your portfolio is managing your lifestyle. Drive a used Mazda today instead of a new Lexus, give the money you save thirty or forty years to grow and your biggest worries in retirement will be how much to leave the grandkids. Or some troll picking apart your every post.