Thinking of getting financial advisor - advice/opinions please

yeah, I definately want to talk to multiple people about their approach before doing anything. Only issue is most of the folks I trust are the lone ranger types or just have no clue they should be saving.... haha

Thanks!

There's one in Mecca, unless he's retired.

quote:

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Don't do anything now. The stock market is
headed for a big correction and the bond market has tanked. Keep your powder dry and wait for
the dust to settle.

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And when the dust settles . . . then what ?
Seems you'd want to be warmed up with your spikes on, in the blocks, on your mark, ready to fire out.

Frankly, if the OP needs an advisor, I'd suggest researching it, selecting one, then getting ready. As far as choice, there's no magic bullet. Too often people assume they're in quest of the next Peter Lynch. IMO it's actually more a mundane matter of examining advisor/account alternatives, weighing them, and choosing based on best presumed fit.

Once the advisor is on-board, there are still no guarantees. But there are formulas which should increase success. Set a plan. Set expectations. Stay informed, at least enough to avail yourself of the advisor's expertise. Stay on top of it. Past performance is going to influence selection, but is not necessarily indicative of future return. Nor is it indicative of performance within different investors' portfolios, past or future.

Over the years, we've gone through more "expert advisors" than I care to remember.
Each was carefully chosen. Each was highly recommended. Most yielded results which dramatically underperformed our own separate portfolios. Ultimately we've settled on 3 advisor groups. Two are doing well. One is just OK. We still maintain sizable investment accounts with TDAmeritrade, Schwaab, and Fidelity.

Point is, at least for us, picking winning stocks has been easier than picking winning advisors/brokers/asset managers. Helps that MrsNC is a SummaCumLaude Finance/Accounting-type who works our self-managed accounts basically full-time. Obviously a unique luxury.