Comments on: Investing with a financial advisor? Don’t go in cold!

By: Legalee

Legalee — Fri, 02 Oct 2009 19:40:29 +0000

You are right you don’t need to pay big bucks for an advisor, but it is important to know what you are doing before you do it on your own. I wpend a great dealof my time helping DIYers who blew it.

By: Mack jackson

Mack jackson — Tue, 29 Sep 2009 07:09:22 +0000

Great post, I totally agree that in some cases you need financial advisor, so people who don’t know the importance of advisor will get good information from this post.

By: Silvia

Silvia — Sat, 20 Dec 2008 11:56:23 +0000

And what’s more-never late to learn-especially in the time of a fall,you may master something new.

By: Beef Up Your Piggy

Beef Up Your Piggy — Fri, 12 Dec 2008 12:41:46 +0000

Great post. Usually people have an agenda…especially those with something to sell. Whether it is their financial agenda or whatever. Being educated is the best weapon!

By: TStrump

TStrump — Thu, 11 Dec 2008 19:20:11 +0000

So, true.
A friend of mine recently got rid of his financial planner because it was clear he wasn’t preparing for meetings and in turn, wasn’t spending any time on his portfolio.
By asking the right questions, he was able to decide for himself that the guy needed to go.

By: Mel

Mel — Wed, 10 Dec 2008 23:51:50 +0000

Yes, there is no way you can know everything about investing, taxes, estate planning, insurance, etc, but it is helpful to have a basic idea. Your financial advisor has resources to help with everything you don’t know. I would add one comment about actually finding the right advisor also, it helps to use someone who has experience working with other people in your specific situation. My company (ClaroConnect) matches people to specialized financial advisors like this who focus on divorced women, business owners, socially responsible investing, and hundreds of other specialties.

By: Nick

Nick — Wed, 10 Dec 2008 23:43:20 +0000

The vast majority of financial advisors/planners aren’t out to get you, but that’s not to say that there are none like that. Find a trusted family friend or someone similar to do your finance business, similar to a mechanic.

By: Greg Retzloff

Greg Retzloff — Mon, 08 Dec 2008 22:54:12 +0000

Use a fee-only financial planner who charges for time only.

You can find one in your area through the Financial Planning Association or the Garrett Planning Network. Both have educational resources that can help an investor ask the right questions and find the most suitable planner.

By: Penny Pinching Mom

Penny Pinching Mom — Mon, 08 Dec 2008 21:54:24 +0000

I just discovered your blog today and I really like it.

By: Shaun Connell

Shaun Connell — Mon, 08 Dec 2008 14:59:57 +0000

Very true. Learning the “basics” of any field, including financial planning, aren’t too entirely difficult. The ROI of the time spent in learning financial planning can’t be overstated.

Knowledge is power, to use the cliche.