(04-29-2019, 12:14 PM)V1GiLaNtE Wrote: Poll - How many of you guys are using financial advisers/managed funds vs doing it yourself?
Had a conversation with my parents Advisers, but not quite sure how I feel about it active management.
I think Lee is the only one who actively uses an adviser - his brother.
I get free consults from Vanguard advisers through work, so I'm going to do that as a one time gut check.
Returns are debatable, but advisers can help you really understand your tax position now and in the future. My experience suggests many people really don't understand the nuances of taxes, myself included at times (e.g. recently learned about Net Unrealized Appreciation), so having someone explain all your options can save you money in the long run.
'76 911S | '14 328xi | '17 GTI | In memoriam: '08 848, '85 944
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth