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charles
@chsh.eth
has anyone here actually used AND benefitted from a financial advisor? my assumption is that most times you're better off with a roboadvisor or parking in total stock market index funds looking for a second opinion
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naaate
@naaate
Back when I knew nothing about finance, they were helpful to start getting educated. Pointed me in the direction of what to research. Now, post-MBA and with a lot more knowledge and experience, it really doesn’t feel worth the fees. Perhaps as a second opinion or different perspective. For example: how to pursue steady return with low volatility with a portion of my assets, which is not the direction I usually go :)
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jtgi
@jtgi
When I didn’t know much, made a bit of money with stock and was afraid to make a mistake a fiduciary was helpful.
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Joshua Fisher ⌐◨-◨
@joshuafisher.eth
Like a stock broker? I have enjoyed having someone and have enjoyed doing my own. They will research stuff for you, give you feedback, suggest ways to take advantage of new laws and schema available, etc. But unless you’re with one of the top traders who consistently beats the market (a Market Wizard as Schwager would write about) most can’t beat the index constantly. Buffet basically proved this. But if you’re running multiple businesses or have complex reporting or filing needs a business advisor who is paying attention all year can be very helpful. But the nomenclature can be broadly used so really depends on your needs and the skills/experience of the person.
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