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Personal Finance and Investing

spooky3

(37,591 posts)

4. If you are willing to pay small fees and have a

Reply to not fooled (Original post)

Thu May 14, 2020, 09:50 AM

May 2020

Retirement plan at work, you can do it yourself. Most employer plans offer an array of stock and bond and other fund. Some may offer other types of funds. If Vanguard is among the choices, it is a shareholder owned firm with low fees for index funds. If you are 35, for example, you would want to put a relatively high percentage of your money in an S&P 500 fund plus invest in a bond index fund.

The fund management fees will eat into your gains but risk is spread across many companies and industries in index funds.

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Do I need some sort of financial advisor? [View all] not fooled May 2020 OP

we talked with an adviser from Fidelity and he was great!!!... samnsara May 2020 #1

I was confronted with that choice last year and decided to go with a financial planner. catbyte May 2020 #2

I 'inherited' one from my family janterry May 2020 #3

If you are willing to pay small fees and have a spooky3 May 2020 #4

Our financial advisor is local. We used him because others we trusted badhair77 May 2020 #5

I have been investing for myself since my first professional job mnhtnbb May 2020 #6

I recommend Wawannabe May 2020 #7

A second recommendation for Edward Jones csziggy May 2020 #13

I like dealing with Fee only advisors... the advisors that make a commission tend to churn the pot mitch96 May 2020 #8

Commissions are a red flag for me. Means he will get paid more if he sells you certain products. Midnight Writer May 2020 #9

If you do hire a financial adviser, be sure that she or he is a fiduciary. Nt spooky3 May 2020 #10

One thing to look at is robo advisors Steelrolled May 2020 #11

Ask more questions of any potential advisor. PoindexterOglethorpe May 2020 #12

Thank you for sharing your experiences not fooled May 2020 #14

Responded to the PM PoindexterOglethorpe May 2020 #15