Thinks s/he gets paid by the post
Join Date: Feb 2006
Active and an IFA beats passive, the reasons why.
I recently came across this argument for active vs passive funds....what do you think?
Pensioners are missing out on best annuity deals – FCA | Money | The Guardian
What do you think the TER's are on a suite of actively managed funds? Not trackers, as they guarantee you underperform the market...
In addition, do you, or any other self investor understand the principle of "Capacity for Loss", "Attitude to Risk", Correlation of asset classes, Economic and political impact on markets, and not just Equity markets....?
This doesn't take into account understanding legislative changes, being able to undertake extensive research into providers, funds, DFM's and so on.
I use a Financial Planner, and the fees that are paid can be settled in a myriad of ways, however, with the tax planning, cash-flow modelling, investment reviews, security of knowledge that an extensive research and analysis facility behind them, amongst other points mentioned above have proven to be incredibly worthwhile, and that key word, "value for money".....
There are other areas that are covered of course, too extensive to mention here, but I think you can get the general idea ! Well, assuming you aren't thick, myopic or even both?!
OCCUPY ER, <=>
"The needs of the many outweigh the needs of the few, or the one." - Spock
Retired Mar 2014 at age 52
Target AA: 70% equity funds / 28% TIAA-Traditional/ 2% cash
Target WR: 0.0%,
Income from pension, rent, and eventually SS