Key insights
- The post questions the value of a financial advisor for a young, financially literate investor already maximizing retirement accounts and investing in index funds and blue-chip stocks. The author suggests advisors may not provide sufficient value to justify their fees at this stage, particularly given the investor's active management and financial knowledge. The need for an advisor may increase closer to retirement.
Hey background here I’m 27 with 81k in investments. Maxing 401k, Roth IRA, and another 6k/year in personal brokerage account. About 80% of funds go into several index funds and 20% are personal blue chip picks (Aamazon, Walmart, oreilly auto, nvidia,etc).
I’m a finance grad but don’t work in finance so my skills aren’t where a finance managers. But I don’t see them offering much more value at this time compared to my current personal plan and goals.
When should I sit down with one? Are they worth it if u more or less keep on top of it yourself? When in closer to retirement I understand the need but as a young investor it seems more like a waste of commission for the next 40 years