Originally Posted by ericfox11
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.
oh i wish! thank god, i don't feel so bad now. I always feel like I'm poor on this forum. I'm pretty solid with my finances, If I made upwards of 200k though I would probably want someone handling my investments though.
I kind of feel like buying a bmw was a bad financial desicion though. My problem i don't want a honda civic, but on the other hand I don't need a bmw. So like what's the in between cars?