Investing advice is the number one reason why people hire financial advisors, and we’re here to tell you that you’re wasting your money!!! Certainly a financial advisors could help you with other things like financial goal setting and managing cash flow, but ultimately it still comes down to you doing the hard work yourself (plus, we’ve already covered those topics on previous episodes, take a listen)! The biggest reasons why you don’t need a financial advisor is because investing is simpler than you think, financial advisors can be really expensive, and plus, they don’t always point you in the right direction! Listen to the entire episode to find out why we don’t recommend financial advisors.
So there you go- you DON’T need a financial advisor. Instead, you need to be investing in well diversified, low-cost index funds like our favorites VTSAX and VOO. That’s what Warren Buffett recommends and was willing to prove it by making a 10 year bet against hedge fund managers (as if being the 3rd richest man in the world wasn’t enough proof).
And at the beginning of this episode we each popped open a bottle of Allagash’s Curieux, which you can find and learn all about on Untappd. A huge thanks to Allagash Brewing Company for donating this amazing beer and supporting the podcast! If you enjoyed this episode, be sure to subscribe and review us in iTunes, Stitcher, or wherever you get your podcasts!
Cheers!
1 comment
Great podcast! I really enjoy listening to you guys, keep it up! Have you considered investing in 10 to 20 individual stocks that have a history of increasing dividends and stock price appreciation instead of investing solely in index funds?