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Post by pravalika nanda Tue Oct 20, 2015 8:31 pm

http://www.economist.com/news/special-report/21650292-human-wealth-advisers-are-going-out-fashion-ask-algorithm


when i first started my retirement fund the computer picked the stocks and bonds and MFs for me. don't ask me the details, i don't know, i just said yes. but now I set up an appt with a fin advisor at citi who reached out to me. do you guys have fin advisors? how do you manage your money? any advice for me?

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Post by truthbetold Tue Oct 20, 2015 9:32 pm

If you cannot do your own home work to support your financial decisions, it is a good idea to have a fin adviser. (most of us cannot do required homework).  

However you cannot avoid the homework to find an adviser.  Check his/her history as charlatans are around every street corner.  Remember Bernie Madoff. Ask for references and check the references.  Ask about his /her past history including any brushes with law.  

Read 'A Random walk down wall street'.  

Good luck.

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Post by MaxEntropy_Man Tue Oct 20, 2015 10:58 pm

I am a long term believer of indexing. Index funds beat out most actively managed funds primarily because of very very low expense ratios. This is a no brainer strategy.  I recently sought professional advice only for tax strategies. My investments (the central portion of my portfolio) has been in index funds.  I have never sold anything in my portfolio over my working life yet. I have never been out of the market a single day.

http://www.cnbc.com/2015/10/14/jack-bogle-follow-these-4-investing-rules-ignore-the-rest.html
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Post by Propagandhi711 Tue Oct 20, 2015 11:05 pm

pravalika nanda wrote:http://www.economist.com/news/special-report/21650292-human-wealth-advisers-are-going-out-fashion-ask-algorithm


when i first started my retirement fund the computer picked the stocks and bonds and MFs for me. don't ask me the details, i don't know, i just said yes. but now I set up an appt with a fin advisor at citi who reached out to me. do you guys have fin advisors? how do you manage your money? any advice for me?

yea, dont forget to take a good water based lube when going to the apt with the "fin advisor" coz he'll be doing a lot of fucking. I recommend astroglide ultra gentle

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