No. of Recommendations: 4
<< Our experience with FAs is that they are great salesmen, but typically don't know all that much about investing, other than the package they are told to assign you. I think our FA learned more about investing from me than we did from him. >>
Imagine how much more money you'd have if you were trained from the start that you didn't need an advisor.
That's why I always tell people that, by far, the most valuable course I took at the very fine engineering school I attended was the 3-day 'Investment Philosophy" course I took as an 18-year-old Freshman.
That's where I learned about "fees, commissions and taxes" and why you needed to avoid them.
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