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      02-21-2013, 04:51 PM   #23
ericfox11
Lieutenant
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Drives: 2009 335i Sedan M-Sport
Join Date: May 2012
Location: Houston, Texas

iTrader: (0)

Quote:
Originally Posted by fireline43 View Post
Yea making that kind of money, you should be going to a financial advisor. An advisor can't do much with my 70k a year.
Hey man, 70K is pretty good! That's about what I'm making...maybe one day we will get to $200K post tax? Who knows.

But an advisor can do plenty for 70K or 200K, but they will skim off the top by either literally skimming off the top or charging excessive fees for trading and can also charge other monthly/annual service charges.

That being said, a financial advisor is perfect for a majority of people. Most people don't want to read 2-3 books to learn about keeping a balanaced asset allocation and don't want to keep up with it. For most people a financial advisor is perfect. Just check the fees and make sure they aren't too excessive.