Quote:
Originally Posted by jay santos
Mike, here are my thoughts.
1. I don't think a financial advisor is EVER worth 1% of your return, unless you're into the $10M+ range of assets.
2. <$10M, don't even think about it--use Vanguard index funds and modern portfolio theory and balanced asset allocation. here are a couple places to learn. http://www.moneychimp.com/articles/risk/riskintro.htm
http://www.indexfundeducator.com/allocation.htm
3. >$10M you may think about additional diversification or the use of funds like Dimensional Fund Advisors. http://www.dfaus.com/
4. Any financial advisor who is telling you he beats S&P by 2-3% is probably dishonest or incompetent and I would run away as fast as you can. |
Any financial advisor who tells him that?? I think you meant to say, verify what you are told. To say any financial advisor telling you that is probably dishonest or incompetent is something an arrogant asshole or dipshit would say.