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Financial Advisors Baton Rouge Area

Posted on 4/22/24 at 6:06 pm
Posted by TigerBandit14
Member since Sep 2021
157 posts
Posted on 4/22/24 at 6:06 pm
Hi guys, I am looking for some recommendations of respected and reputable financial advisors in the Baton Rouge area.

I am 24 and have been working a full time job for 2 years since graduating college. I am debt free and have been investing in my work retirement, but wanted to get some opinions. Thanks in advance!
Posted by TJack
BR
Member since Dec 2018
1394 posts
Posted on 4/22/24 at 6:46 pm to
Pick up a couple of personal finance books from the library. Focus on issues that involve your circumstances and goals. You will feel more comfortable when you find an advisor. Be sure to inform yourself on what to look for in an advisor.
Posted by Negatiger1986
Inside the Leather
Member since Sep 2010
437 posts
Posted on 4/22/24 at 7:42 pm to
You don’t need a financial advisor. This is the playbook for you, each subsequent step pending there’s still extra money to put into each one:

- Contribute to 401k to the extent your employer matches
- Max out Roth IRA
- Contribute to taxable brokerage account

In each account put funds into low-cost diversified ETFs. Vanguard has many good options, VOO (SP500 index) and VIG (dividend growth) are 2 I personally like.

If you want to minimize your tax bill, you can lean into the 401k. If you want to build some after tax money, potentially for a down payment on a home, then you can lean in to that account. But be sure you’re contributing enough to 401k to get full employer match.

When you’ve accumulated some wealth, you can consider going to an advisor to develop a more robust strategy. The key for you at this point is to remain disciplined about saving. At 24 you are ahead of the game.
Posted by DaBeerz
Member since Sep 2004
16982 posts
Posted on 4/22/24 at 8:56 pm to
An advisor is going to look out for themselves with your money, not you!
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 4/23/24 at 9:12 am to
I suggest you watch Jim Cramer on CNBC.

Just listen to whatever he recommends and then do the opposite. You'll make bank!
Posted by tigerbait1.6
Baton Rouge
Member since Feb 2013
3821 posts
Posted on 4/23/24 at 3:28 pm to
Whatever you do I just would not go with Iron Horse Financial. The guy that runs it is a complete slimeball and only looks out for himself when it comes down to it. That the only advice I can give, is stay away from that place
Posted by ProudLSUMom
Baton Rouge
Member since Sep 2007
3302 posts
Posted on 4/23/24 at 5:03 pm to
Read "The Simple Path to Wealth" by JL Collins. Very short and simple read. You can be your own financial advisor. You can pay a tax advisor by the hour for tax advice. This will save you lots of $$$$. This is what I wish I had done years ago.

I tried a few financial advisors, including fiduciaries, and wasted a lot of money paying their fees.
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