Comments on: Is Your “Financial Advisor” Really Your Financial Advisor? (Or: Obfuscation by Title) http://bankling.com/2009/is-your-financial-advisor-really-your-financial-advisor-or-obfuscation-by-title/ Finance Tips, Savings Calculators, Highest CD Rates and More Tue, 10 Nov 2009 18:55:39 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Andy H http://bankling.com/2009/is-your-financial-advisor-really-your-financial-advisor-or-obfuscation-by-title/#comment-44 Andy H Thu, 12 Mar 2009 21:25:41 +0000 http://bankling.com/?p=311#comment-44 @Jake W Actually, I believe "fee based" can still take commissions--another hilarious euphemism. FEE ONLY adviser is the way to go. But in my own case, I don't even do that. Buy the market (ETFs/index funds), keep liquid (TIPS + online savings) any money you need in the short term, take advantage of IRA or 401k if possible, buy and hold, never panic. What else can an adviser tell you? @Jake W

Actually, I believe “fee based” can still take commissions–another hilarious euphemism. FEE ONLY adviser is the way to go.

But in my own case, I don’t even do that. Buy the market (ETFs/index funds), keep liquid (TIPS + online savings) any money you need in the short term, take advantage of IRA or 401k if possible, buy and hold, never panic. What else can an adviser tell you?

]]> By: Jake W http://bankling.com/2009/is-your-financial-advisor-really-your-financial-advisor-or-obfuscation-by-title/#comment-43 Jake W Thu, 12 Mar 2009 20:01:49 +0000 http://bankling.com/?p=311#comment-43 Glad I found this article, I'm considering finding a financial adviser for myself soon. So, correct me if I'm wrong but getting a fee based adviser is the way to go? It sounds like commissioned advisers/brokers might do more harm than good, is that corect? Glad I found this article, I’m considering finding a financial adviser for myself soon. So, correct me if I’m wrong but getting a fee based adviser is the way to go? It sounds like commissioned advisers/brokers might do more harm than good, is that corect?

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