Picking an Adviser

I do not recommend advisers because of their cost, that greatly detracts from investment performance over the years.

Example: When advisers take 1 1/2% of your assets as a fee and you earn 5% on those assets each year, figure the enormous cost yourself. On each $100,000 you have, your earn $5,000 and you pay your adviser $1,500. That’s a big cut of your earnings each and every year.

But if you insist you must have an adviser because you listen to what the media foolishly advise, check out and verify that adviser’s past performance. And check for any federal and state citations and list of current clients and referrals. (See the Earl J Weinreb NewsHole® comments.)