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re: My Take On The DIY Debate
Posted on 2/16/09 at 5:58 pm to amsterdam
Posted on 2/16/09 at 5:58 pm to amsterdam
quote:
If you are doing the neccessary legwork on your portfolio, and have found competent sources for your financial information(tigerdroppings isnt one of them)
I would counter that I have learned more about investing from the contributions of posters like Col Hap and Jersey than from all the books/websites I have ever read, which are substantial in number.
Why? Because I now realize how important it is to think outside the box, and how important it is to question WHY instead of accepting the dogma spouted by the financial world at face value.
I have no problem with using a CFP in general. In fact, I have one, and will continue to use him for now. He has been invaluable in taking some of the retirement planning load off of me since my schedule is so busy.
However, being a good CFP means little to nothing when the topic turns to investing. If anything, I'd say from my discussions with several have led me to the conclusion that everyone read from the same "mutual funds good" / "it's a good time to buy because stocks are cheap" textbook.
It's not meant as an insult...your expertise is in financial planning, not investing. But don't try to sell yourself as something you aren't. That's a disservice to your clients.
JMO.
Posted on 2/16/09 at 5:59 pm to NOMT
Damn strong point there NOMT. Well said.
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