Used to go to a big name financial / investment firm for over ten years, and followed their advice the whole time… had a portfolio review with them, where they told me that I was not going to be able to retire by the time I was 65 (despite assuring me the opposite until that day)… said I needed a new strategy (that included a number of new investments I needed to buy from them)… they were totally surprised when I reminded them that I had been following their strategy all this time, and that now they were admitting that they’d failed me, so I was leaving them.
After researching other financial / investment firms, and talking to some folks who were doing well, I switched to another firm. Didn’t really change my strategy much – but found that the old firm had been killing me in fees (many of which were only revealed by insistent questioning). Was actually able to retire at 58.
This is so true. If you are still paying someone to manage your finances, get out of there right now. Many outfits like Charles Schwab don’t charge any fees at all. And, they will do every bit as well as any financial planner who is charging you.
Out of the Past almost 3 years ago
Like the crazy looking fortune teller next door. The one between me and the weather forecaster.
Wilde Bill almost 3 years ago
Because I’m never going to be able to retire embezzling from you.
dadoctah almost 3 years ago
“…which, frankly, wont be at all hard to do.”
Grumpy Old Guy almost 3 years ago
Maybe call 1-800-CASH-NOW
raybarb44 almost 3 years ago
At least you can trust his opinion…..
ferddo almost 3 years ago
Used to go to a big name financial / investment firm for over ten years, and followed their advice the whole time… had a portfolio review with them, where they told me that I was not going to be able to retire by the time I was 65 (despite assuring me the opposite until that day)… said I needed a new strategy (that included a number of new investments I needed to buy from them)… they were totally surprised when I reminded them that I had been following their strategy all this time, and that now they were admitting that they’d failed me, so I was leaving them.
After researching other financial / investment firms, and talking to some folks who were doing well, I switched to another firm. Didn’t really change my strategy much – but found that the old firm had been killing me in fees (many of which were only revealed by insistent questioning). Was actually able to retire at 58.
johnkuhnlein Premium Member almost 3 years ago
This is so true. If you are still paying someone to manage your finances, get out of there right now. Many outfits like Charles Schwab don’t charge any fees at all. And, they will do every bit as well as any financial planner who is charging you.
BC in NC Premium Member almost 3 years ago
Putting the ‘douche’ in fiduciary…
su43dipta over 2 years ago
“You’re my financial adviser, not my financial adviser adviser”