Yeah, well I’m happy to point you in the direction of the Vanguard study (yes Vanguard, the people that have preached the do it yourself mantra for decades) that shows investors that have used a financial advisor return 3-4% more per year on average. “If you invested...” needs to be followed by “and never touched it...” for that theory to work. I have a relative that may be one of the best investors of all time and he’s only done it for himself. But that’s rare. I get it’s possible. But the average investor should get GOOD ( not always easy to find) professional advice. You wouldn’t do your own root canal would you???
No I wouldn't do my own root canel. What does that have to do with financial management? BTW, what you just tried to do is a sales 101 trick of using a serious of questions with obvious answers to lead a potential customer to agree with you.
For example here is a script:
You wouldn’t do your own root canal would you?
You want to ear a return greater than the market average, right?
So you should use a skilled financial planner right?
Would recommend Ben Grahams book. I just do call options on pfizer because product mix was lackluster or nearing limits of patent protection before. Turned $4 into $80 (purposefully small to pay hobby) once stage 3 trial started. I would point you to QQQ or similar ETFs.
@genius search ISGQVAA in google for above mentioned study or Vanguard alpha.
From a search on ISGQVAA:
"..advisors could add value, or alpha, through relationship oriented services such as providing cogent wealth management through financial planning, disciple and guidance rather than by trying to outperform the market,..."
Well I feel I don't need that kind of value (and pay for it), thank you.
If you look at the history of the financial experts who run mutual funds, over the long run (pick any 20 year period from whenever financial records were kept) you will see that some of them may have some very good years but over the long run their returns will return to the mean less their management fees. I am assuming, of course, that a financial adviser that you may pick is as skilled has the financial experts who run mutual funds.
So if you were to pick a total stock market index fund with a 0.2% management fee (doesn't take much management so the fee is very low) you will track the market to 99.8%.
If you do that will most of your investment $'s then you can, as I did, play around with a couple of stocks that you may feel have something special that others are overlooking.