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Moses approach has merit. Even though I am a financial advisor, I do not "manage" or do I sell. I make recommendations monitor periodically but the individual has the ultimate decision as to whether my recommendations have merit. One of the primary criteria is risk tolerance. That is an individual thing, varying from one individual to another, and also changes with time.
Turbo6 also adds some interesting ideas to the mix. Making 2.25% on an investment while paying out 6+% on a mortgage (or worse, credit card debt) is not the most effective use of money.
As for advisors, be certain the one you pick has some credentials like RFC or CFP behind their name; at least this means there has been some training. In addition, I would suggest a fee only planner rather than one that works on commissions.
Free advice and worth every penny.
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Bob S. former owner of a 1984 silver 944
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