Any investment advice for a financial advisor?

[Destro]

Some good advice here (and a couple that make me cringe).... Bogleheads, and Value Investing by Jack Bogle is a great place to start. Give yourself an honest attempt to learn this stuff. If you do, I think you will end up more satisfied managing it yourself. You will save a ton of money too. Even at a fraction of a percent, fees could eat up hundreds or thousands.

Anyone involved in insurance or on some mythical "approved provider" list and trying to offer financial planning should be a giant red flag for anyone.

 

[DCR]

PLEASE !
Take the time to learn how to invest. You will make more money from your portfolio than you'll ever make from a job.
The most sage piece of advice I can give you is you don't have to beat the market when it goes up, you only have to not lose your shirt when it goes down. This will not happen to you if you learn to invest.

 

[WebSnyper]

PLEASE !
Take the time to learn how to invest. You will make more money from your portfolio than you'll ever make from a job.
The most sage piece of advice I can give you is you don't have to beat the market when it goes up, you only have to not lose your shirt when it goes down. This will not happen to you if you learn to invest.

And being able to ride things out allows you to not "lock in your losses" by actually selling when things may go down for a bit.

 

[PGRChaplain]

DON'T use an Advisor from a Bank or Insurance Company!

 

[WanderingSol07]

My experience with Northwestern was very good. We bought whole life policies for us as we needed the insurance above what work offered. After thirty years we cashed in our policies and did very well. I would not choose Northwestern for financial advice though, nor any other insurance company.

We found a fiduciary financial advisor, they give advice for a fee, they do not sell any products other than their advice. They will also manage your money. After several meetings, about six hours total, we paid the fee and got advice. The changes they recommended saved us the cost of the fee and increased our return on our retirement account significantly.

We retired two years ago and things look great! The same fiduciary is now managing our money and we are very happy with them.