Maybe you are confusing sales pitches from vested interests (e.g. tied agents or financial institution sales staff) with professional advice from an independent (and most likely fee charging) professional financial intermediary/advisor? Regardless of the quality of the comments and advice that you receive here I would imagine that many posters would suggest that you still get independent, professional advice.I don't trust a lot of "professional" advice.
Never trust the professionals!! It's always wiser to take the advice from the recognised experts on AAM
OP you really need to seek a good advisor, if you are serious about looking for proper advice
I'm curious
If I post on here incognito with no fact find and make "recommendations" based on a hunch is that in some way more trustworthy than if I complete a fact find, hold professional indemnity insurance and make recommendations based on a fiduciary relationship with my clients and supported by 20+ years of financial planning experience and a rake of relevant qualifications?
Wrong wrong wrong
Jim the job of a financial planner is not to deliver investment outperformance.
There are 4 variables that matter
Return
Risk
Cost
Tax
Returns are delivered by the markets so only the other 3 can be influenced by an adviser.
In the latest Dalbar study in the USA the average US Equity investor earned just 3.83%pa over the 20 years ending 2010 whereas the S&p 500 returned 9.14%.
The job of an adviser is to assist investors to earn the market return that is theirs as compensation for risk.
The evidence is overwhelming that the average investor fails to achieve these returns.
It does not matter that most don't achieve it, it's about their perception of it!
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