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re: How to asses financial advisor in this market
Posted on 9/29/22 at 4:27 pm to Niner
Posted on 9/29/22 at 4:27 pm to Niner
quote:
A good financial advisor does what was previously mentioned - keeps you from doing something stupid. A bonus would be an advisor that doesn't get paid commissions.
Okay, I may be using the wrong term. I do nothing in this account but let them move my money around and they buy/sell the stocks/etfs.
I manage and do everything in my Roth IRA.
This post was edited on 9/29/22 at 4:28 pm
Posted on 9/30/22 at 5:06 am to Hu_Flung_Pu
quote:Do you tell them what and when to buy and sell? If so, then that is not a financial advisor.
Okay, I may be using the wrong term. I do nothing in this account but let them move my money around and they buy/sell the stocks/etfs.
If you just let them buy and sell whatever they want, you are asking the right questions and need to find someone else to work with - especially if you're down 22% since 2019...wow.
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