If You Do Pick Up an Adviser

 I never recommend advisers because of their cost that greatly detracts from investment performance over the years.

                       

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 the list of current clients and referrals. (See the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)