You Don’t Need a Financial Advisor
- A financial advisor’s compensation is rarely if ever tied to your success. The majority of their income is based upon the amount they get you to invest.
- You will pay a fee to your chosen fund plus a fee to the financial advisor.
- You Might Not Get The Best Financial Advisor. Would you even be able to tell the difference between a good financial advisor if you had a chance to talk with 100 of them? Or will you go with the best salesmen?
- It is neither difficult nor time-consuming to invest yourself because you're just going to mirror the market average.
896
2.41K reads
The idea is part of this collection:
Learn more about moneyandinvestments with this collection
Identifying and eliminating unnecessary expenses
How to negotiate better deals
Understanding the importance of saving
Related collections
Similar ideas to You Don’t Need a Financial Advisor
You don’t need a huge target market
One of the main things that VCs are looking for is a huge target market, usually at least $1 billion, that you can address through your startup. The reason for this is simple: VCs invest in multiple startups with the understanding that some of them will fail, some of them will not grow very much,...
Working with a financial adviser
Checking in with a financial adviser is strongly recommended by experienced investors, but make sure you're speaking with a fee-only expert, who isn't receiving commissions for steering you into one investment over another.
Once you find someone acting in your best interes...
You don’t need a team
As a solo founder, I started off by breaking one of the cardinal VC rules that says you can’t build a successful startup on your own. Never mind the research that says solo-founded companies ar...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates