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I did check your inbox please when you get a chance.
I saw it, I've been busy with attending graduations and packing for a cruise followed by Hong Kong and Japan followed by Alaska... so I haven't had much time lately haha. I'll send you a reply before my trip though, either tonight or tomorrow.
That's like saying only really fat people need a personal trainer
Exactly! What doesn't make sense about that? If you are a healthy weight, all you need to so is simple workouts... you don't need to spend a few hundred bucks per month on a personal trainer.
The only people who should hire an planner are people with tens of millions of dollars or more. The rest can just buy a well rounded fund.
according to vanguard ,the kings of do it yourself investing this would be quite poor advice. a good planner vanguard calculates can add as much as 3% more return then small investors do on their own as a group.
why?
because a good planner can provide the ability to keep most investors from themselves.
most investors do the wrong thing and bail when they should buy or buy when they should wait. they think they can time things and they are quite poor at staying the course when left to their own devices.
a goods advisor can help them put a portfolio together that works together rather than the typical hodge podge of stuff they get
most important a good planner can help structure your spending better
a good planner can help you get tax efficiancy and structure you for lowest taxes later on.
in general vanguard concluded small investors are their own worst enemy just because they try to do this on their own..
Exactly! What doesn't make sense about that? If you are a healthy weight, all you need to so is simple workouts... you don't need to spend a few hundred bucks per month on a personal trainer.
as a gym rat for 15 years i can say this too is bad advice. i see such poor routines , people hurt themselves and poor form all the time just because they will not spring for a trainer.
according to vanguard ,the kings of do it yourself investing this would be quite poor advice. a good planner vanguard calculates can add as much as 3% more return then small investors do on their own as a group.
why?
because a good planner can provide the ability to keep most investors from themselves.
most investors do the wrong thing and bail when they should buy or buy when they should wait. they think they can time things and they are quite poor at staying the course when left to their own devices.
a goods advisor can help them put a portfolio together that works together rather than the typical hodge podge of stuff they get
most important a good planner can help structure your spending better
a good planner can help you get tax efficiancy and structure you for lowest taxes later on.
in general vanguard concluded small investors are their own worst enemy just because they try to do this on their own..
This all assumes that the planner is more competent an investor (which may or may not be so) than the client and that if you do find a competent one they'll serve your needs rather that run up fees for themselves.
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