fka ftc said:

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txaggieacct85 said:

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Honestly you could do a mix of an S&P 500 ETF and and NASDAQ ETF and beat most firms

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So you post a topic to ask about financial advisors then proceed to make multiple posts about how people don't need them? Bizarre, but again different strokes and such.

As mentioned, it's worth it for me. I simply do not wish to spend my time managing my own money and have a partner in financial planning that gives me peace of mind.

It's a very personal choice for folks, so there is no right or wrong answer.

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I was making a general statement that is true. Does your guy beat the market? If so, after you pay his commission, does he still beat the market?

YouBet said:

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txaggieacct85 said:

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fka ftc said:

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txaggieacct85 said:

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Honestly you could do a mix of an S&P 500 ETF and and NASDAQ ETF and beat most firms

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So you post a topic to ask about financial advisors then proceed to make multiple posts about how people don't need them? Bizarre, but again different strokes and such.

As mentioned, it's worth it for me. I simply do not wish to spend my time managing my own money and have a partner in financial planning that gives me peace of mind.

It's a very personal choice for folks, so there is no right or wrong answer.

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I was making a general statement that is true. Does your guy beat the market? If so, after you pay his commission, does he still beat the market?

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You are hyper-focused on one outcome when there are multiple reasons for using an FA, including:

Taxes, proper allocation, staying on top of trends, understanding changes to financial law and how they will impact you, estate planning, advising on compensation packages for a new job, reviewing proper insurance coverage, managing trusts, etc.

If you have all of this covered on your own, then you need to get in the business yourself and start your own firm.

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Correct and agree with your position YouBet.

For the OP and regarding my 'guy beating the market", which market? Also, do you know my retirement age, current age, income level, business interests, non-monetary assets, risk tolerance, savings goals, lifestyle and expenditures?

Should I be beating the NASDAQ or the DJIA or the S&P 500? I have a substantial tax payment due in the next 12 months. Would txaggieacct85 advise I put that in Bitcoin? Pitbull kennels? Real estate? Treasuries

When I evaluate my advisors performance, should I doc him for not beating market because I needed to keep a certain amount of cash in a conservative position in case it was required for a new business opportunity I may be considering?

You question was on Fisher Investments and whether you should move a portion of your savings into an advisor managed account. Then you challenge on folks who say certain people, at certain portfolio levels, and with certain business interests can benefit from a financial advisor and ask a quite silly question about essentially whether I am getting my money's worth.

Thats a question I can answer, but you would be woefully misinformed, uninformed and inadequate to answer. My response going over my situation and thinking is purely to inform others of another perspective. Take it or leave it.

I wonder how much most people know about the FA that is telling them what to do with their investments, taxes, estate planning, etc.? Are all those bases covered by one person? I guess someone that knows more than you do, or convinces you that they do, is an expert. I doubt many would let you look at their tax return, personal financial statements, etc., to see how well they have done and the nature of their investments and planning.

I had a FA for a tax client for several years. Generation ahead of me. Well known around town, and a big Aggie come to think of it. He could rattle off details of just about any game, Cotton Bowl, team, and so forth. Once he came on board as a tax client, I was amazed that this FA had less than $20 in interest income, no dividend income, and no retirement plan. Guess you never know.

I have two family loans with my two oldest children and I split a property with my third child and a family loan to her for her half. The property is in Bryan and she has two roommates they pay rent and we split the rent.

I have $900K invested in those properties

Bizarro Jerry said:

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LMCane said:

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They seem overpriced to me.

just pay someone to help you with the tax treatment of the different buckets of your investments.

why give someone 1% every single year of your portfolio? that adds up over 20 or 30 years.

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If their advice and guidance equals a total return of at least 1% more on average each year, seems like that would make sense to me. That 1% could come from portfolio management, tax planning and savings, asset location, helping you avoid mistakes you otherwise would have made, etc. Or it could be the time/effort given back to you by having someone else handle it.
Really if any combination of these things equals 1% then it would make sense for you financially

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Incredibly hard to tell what's "beating the market" vs risk adjusted returns… or pure luck.

The tax planning may an exception.

They finally stopped calling me after about 3 yrs . I told them multiple x they were too expensive

South Platte said:

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Those of you who feel Fisher isn't worth the money, feel free to suggest an alternative company or broker within a firm that you think does a great job. I doubt my ability to beat the market or your typical Schwab, etc. broker.

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indexed fund?

i do my own selective stocks but due to my hubris...if i just bought indexed funds past mutiple years, I be better off...