Anybody use an advisory service for your investment?
- Thread starter thecatmac
- Start date
Most "financial advisors" aren't worth the money. If they were any good, they would have already made millions and retired. If you really want to make some good decisions - subscribe to the Wall Street Journal (and read it) and take some basic Accounting / Economics classes at a local college.
CWS
<b>Lead Moderator</b>
In today's financial markets, no one is right. I agree with Tedski. Have to wonder why a guy who has all the answers is still schleping small accounts for a few bucks. Look at what you must have to survive. That is what may be worth buying.
njstone
BoM January 2010
When you're talking IRAs, really all you need to decide is how to diversify. After that, you can entrust your mutual fund investments to one of the big "smart rich guys" that is so good at making money that tons of other people give him THEIR money to invest as well...big funds like Comstock, etc. THAT is the guy you're really trusting with your money, not the "financial advisor."
That being said, I stopped paying into our IRAs back in March...saved me a few grand, some of which I invested in cigars, lol. The nice thing is, when THIS investment goes up in smoke, I'm happy about it
That being said, I stopped paying into our IRAs back in March...saved me a few grand, some of which I invested in cigars, lol. The nice thing is, when THIS investment goes up in smoke, I'm happy about it
cvm4
BoM - July '05 & Dec. '10
Exactly, all they really do is pass on your account to some guy in NY to manage it.
My parents actually deal with fidelity and this is only because when my mom retired, the company used fidelity to roll it over or whatever. But, they're 100% cash (mainly CD's) right now and quite happy with it.