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SVTPerformance's Chain of Restaurants
Road Side Pub
Investing
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<blockquote data-quote="OETKB" data-source="post: 15712007" data-attributes="member: 187145"><p>My dad was a stock broker for 35 years, and worked till he died. He handled my non-401K investments because I just never felt like I made the best investment decisions, but he's been gone 22 years. After my 401K got creamed in 2001 I said screw this and found a financial planner I trust to manage my retirement account, and that of my old mom.</p><p></p><p>He gets 1% of whatever the value of the portfolio is and is not paid per transaction like my old man was back in the old days of retail stock brokers. Even if my guy did no better than me, but kept me from having to futz with it it would be worth it to me. Opinions will vary widely on this, but that was my choice 13 years ago, and I've been happy with it, and so has my old mom.</p><p></p><p>The challenge is finding someone who is both competent and you feel like you can trust.</p></blockquote><p></p>
[QUOTE="OETKB, post: 15712007, member: 187145"] My dad was a stock broker for 35 years, and worked till he died. He handled my non-401K investments because I just never felt like I made the best investment decisions, but he's been gone 22 years. After my 401K got creamed in 2001 I said screw this and found a financial planner I trust to manage my retirement account, and that of my old mom. He gets 1% of whatever the value of the portfolio is and is not paid per transaction like my old man was back in the old days of retail stock brokers. Even if my guy did no better than me, but kept me from having to futz with it it would be worth it to me. Opinions will vary widely on this, but that was my choice 13 years ago, and I've been happy with it, and so has my old mom. The challenge is finding someone who is both competent and you feel like you can trust. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
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