Long term and short term investing... Need Advice

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Is it worth paying a financial advisor to handle these sorts of things?

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There was a poster (he is a financial "advisor")on here last week that posted his goal is to work 20-hours a week and earn 6-figures, I am not going to out him. Does that sound like a good return on your money or him making good money off you?

I don't have time to read all that, I guess I should get a financial advisor

Same here, I think I'm going to use vanguard for my Roth IRA and maybe Fidelity for other investments. They advertise that you can call and talk to someone if you need to.

Sorry I thought those were novels.

Thanks for the Link. I don't like the idea of having someone else handle my money for me anyway.

So Vanguard is one of the best places to set up a Roth IRA?

i'm sorta in the same boat as you... i'm 28, and both my wife and i make 6 figures, but i'd love to double what we make through short term investments...

i have a great 401(k) through work (upto 2%, they match 3 to 1) with about $40K right now after only 3 years of contributions.... i killed this month so far (up over $3K), so i kinda have the long term, somewhat figured out...

but it's what to do with the extra money we have after bills and expenses.... we have about $30K in a savings, $6K in a checking, but we aren't getting very good interest from either.... at the same time, i want access to my money and i'm not sure how that can be possible if we invest all of it in CD's, MMA's, etc....

i also have a fidelity account from a stock option plan that i bought into with my company when i was still in school, that i could trade stock through once i exercise my options... problem is the stock price is down too much right now and i'd be losing too much, but i'd almost rather just lose the money, then use the gains to buy something else and get into trading individual stock that way....

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If your on Tigerdroppings seeking advice you have already answered your own question. Go and see a financial advisor. Ask for thier bio as well as industry designations. CFP or Chfc are what you should look for. I would interview 3 advisors so that you can compare styles. If they start pushing a product or investment without first learning about you, your finances, your lifestyle, short/long term goals etc...find someone else. You want a process guy and not a product guy.

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If the OP chooses to go this route he should find a qualified fee only planner, pay for the consultation and resultant investment plan, and open a self directed brokerage account to implement the plan on a low cost basis. There is zero need/reason to be placed in high cost investments or wrap fees with an advisor/broker/salesperson in what is already a challenging investing environment. Then the OP can revisit the planner as needed and not have a leech attached to him. I have a strong aversion to parties that layer on ridiculous fees in light of what little upside most offer.

He also is better learning about investing prior to meeting any advisor as how in the hell will he know what to judge their response by. He is better off doing it himself and confer with fee only planners if/as needed. That's my 2 cents.

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There is zero need/reason to be placed in high cost investments or wrap fees with an advisor/broker/salesperson in what is already a challenging investing environment. Then the OP can revisit the planner as needed and not have a leech attached to him. I have a strong aversion to parties that layer on ridiculous fees in light of what little upside most offer.

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This is what I'm worried about and want to stay away from.

Thanks for all the help

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