I've talked to a few advisors recently. They charge anywhere from .5 to 2% of assets managed. Which doesn't seem too bad, actually, if they know what they're doing. Cathy Woods charge .75% to manage ARK, and her funds have suddenly done very well.
How many of you still has an investment advisor who does the stock buying for you? What makes you trust them? What gives you the impression that they earn their percentage?
Conversely, if you fired your advisor to do it yourself, why lead you to the decision?
Submitted December 01, 2020 at 10:28PM by r2002 https://ift.tt/3of5iqZ
