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TopicGreat Freakonomics episodes on the basics of personal finance and investing
Darkman124
09/05/17 8:48:12 PM
#18:


The Admiral posted...
6. If you ever hire a financial advisor, make sure they commit to the fiduciary standard.


imo there is only one good kind of financial advisor and that is the kind that you pay a flat fee to for him to give you a set of ETFs and/or stocks to purchase yourself that reflect your own risk tolerance and timeline, and then you both walk away

with the fiduciary rule gone there really is no 'committing to the standard' only various degrees of not

and anyway the whole concept of paying someone to invest for you goes against the concept of indexing
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And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not.
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