I never use financial advisors. A good friend is one, and I'd be concerned if I used his services, it would ruin the relationship. But perhaps the best reason I don't use them -- a WSJ article indicated they charge approx 1% of assets annually, whether you make money or not.
I'm passive on investments (except renewing fixed investments like CDs/treasuries) but active on fishing. This weekend's fly fishing in Oregon put me to shame!
Jonathon -- I heard on This Morning podcast you saved too much money for retirement so spend it please, even if it seems illogical. I'm an analytical person but realize as you get older to not get over analytical in important life decisions. Happy next 15+ years and here's to good health! From a recent retiree...
Comments
I never use financial advisors. A good friend is one, and I'd be concerned if I used his services, it would ruin the relationship. But perhaps the best reason I don't use them -- a WSJ article indicated they charge approx 1% of assets annually, whether you make money or not.
Post: Not a Problem
Link to comment from June 3, 2024
I'm passive on investments (except renewing fixed investments like CDs/treasuries) but active on fishing. This weekend's fly fishing in Oregon put me to shame!
Post: Don’t Be a Hero
Link to comment from June 3, 2024
Jonathon -- I heard on This Morning podcast you saved too much money for retirement so spend it please, even if it seems illogical. I'm an analytical person but realize as you get older to not get over analytical in important life decisions. Happy next 15+ years and here's to good health! From a recent retiree...
Post: Breaking My Rules
Link to comment from May 16, 2023