jIMOh
Thinks s/he gets paid by the post
Thanks... I wish there was a simple mutual fund I could buy into to do the tax efficiency for me. I'm not fit for making those kinds of decisions and setups.
The big issue is establish investment objective before picking a fund. For example, consider a dividend approach, muni bond approach, or a total portfolio approach. Or combine all that to a single fund like Permanent Portfolio. But each of those choices may or may not be right depending on your specific objective and tolerance for risk.
Thanks! I actually have a friend in mind but have put him off for years since it was simple while attacking the mortgage with non retirement $. Now I don't have anything to attack.
It's mind numbing to compare the cost of Vanguard to a managed wrap account and loaded fund. I guess there are times when it's good and times when it's bad depending on the situation. Please correct me if I'm wrong.
For years I did my own taxes then got a great CPA. He has saved me tons and even restructured my business type. Maybe the right FA is the same way. Maybe I'm much better off in that type of setup.
I do trust the guy but the price is what hurts. Maybe FAs truly do meet the value..
If you are looking at portfolio performance only, the probability an advisor helps you (with performance) will be low. An advisor can talk you out of selling at the bottom (for example). In general if you are considering an advisor it is because you want advice from someone continously and want it faster than internet forums can give you, or be more specific to your situation than any of us here would be able to do.