(08-08-2021, 08:55 AM)NilesMike Wrote: Mrs. and I went see one 30+ years ago. Fee based, only pay for his time.A lot of financial advisors would take a look at either of our brokerage statements and ask us "exactly what the hell we are we doing here?"
He told us to keep doing what we were doing-LOL
Since then, I don't think they would have much better advice than can be gleaned from this (and probably some other) forum.
Live below your means, have a long term objective and execute.
A fee based advisor would be the best idea ever for most 20 year olds. I found an investment club early. You can definitely find all the basic info you need online, unfortunately your first search might be on youtube and their peers have 100 channels of foolishness that mostly works lately and ends really bad.
While I don't like the thought of a young investor paying a couple percent of their port to advisors and ETF fees, if you really think about it that is FAR less harmful to your financial future than figuring out you need to save for retirement at age 45. You can take the initiative or not to free yourself from fees if you care to expend the effort to educate yourself.
While I am rambling, it would be nice if employer HR departments had a clue. I have worked for the GOV and a Fortune 20 company now, and the lack of knowledge from the 401K program administrators is mind numbing. I was wiser one year into investing.