Reply To: How to find a fee based financial advisor in a small town
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Everyone is entitled to their own opinion. Mine is that investing isn’t rocket science. It doesn’t take an advanced degree to allocate part of your long-term savings to stocks, put that money into a low-cost broad-based stock index fund, then leave it there.
My experience, which includes 10+ years as a Wall Street financial adviser and nearly 40 as an investor, suggests that many people charging money for financial advice, especially if they’re compensated by commissions, can’t be trusted; either because they’re not competent or they’re not objective.
When I combine my opinion with my experience, I conclude that one not only can do this themselves, they should.