Even after getting burned in 2008, folks keep going back to expensive advisers which cost them as much as 25% or more of their investment income. (Calculate a fee of 1 ½% of your assets against your total investment income and you get an approximate idea of the money advisers get from clients each year.)
In fact, with the current deep recession, the trend appears to still be for asking advisers for help when these same advisers were generally unable to help prevent the damage from the the recent market debacle.
You can easily invest in index vehicles using common sense as I have often said.
And let me repeat what I have always recommended. Avoid advisers, except for necessary lawyers, accountants and tax experts you may need.
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