I just got Sirius in my car (no-it wasn't because of Howard Stern. Ok,
maybe a little!) and was listening to CNBC. Three things
struck me during my 50 minute commute to eBay: 1) CNBC has way
too many commercials, 2) Adam (my carpool evangelist) snores and 3) no brokers (I mean financial advisors) like those potrayed in #1 above actually exist.
Honestly, is any financial advisor really going to make a toast at my
daughter's wedding and get all choked up? Or is my financial
advisor going to push my grandchild on a swing when I'm too old to do
it myself?
While I am sure there are many high quality financial advisors out
there, I wish the firms that peddle their services would be
honest. I had a financial advisor from a nameless big investment
bank and I assure you he wasn't very cuddly. He did, however,
charge me 1.5% of assets. I never really felt like I got a fair
return on that deal since my money when I ended the relationship <
money when I started the relationship.
For those of you who want to try investing yourself, I suggest you try Financial Engines.
Disclosure: I have no affiliation with this company except I tried to
help take them public in the good old days. I do, however, use
their service. More on that later.
|
|
|||||
|
Categories
|
Do brokers like this really exist?
Comments
No comments found.
Trackbacks
TrackBack URL: |
||||