Reply To: How to find a fee based financial advisor in a small town

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#156966
Stacy JohnsonStacy Johnson
Moderator

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.