Financial Advisor

VMware
bobsmom

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bobsmom
Apr 22, 2021 2 Comments

Thoughts/recommendations on using a financial advisor? I’m currently saving quite a bit and investing in stocks (mostly a pretty risky portfolio) with about 20k cash. I have about $100k invested and also have traditional investments like 401k.

I’m not really saving for anything specific and I’m certainly not a financial whiz. I’ve considered getting an advisor in the past and ended up researching and trying to manage my own. Now I feel like it may be valuable to optimize my portfolio and avoid higher taxes when I consider selling any stocks. I’m afraid to make a hefty tax mistake.

I’m not raking like a lot of you but any advice here is helpful 🤑

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  • New
    GgeD13

    New

    GgeD13
    Interview a few and see how they could help and what they get paid and on what basis is their incentive aligned? Check out proof of past performance and then you will be more knowledgeable than before anyway to decide. When I reached a million dollars, I recruited someone to consolidate all the various assets to be efficient and effective. You can get exposure to ore IPO investments etc if you want too. Good luck!
    Apr 22, 2021 0
  • Have you considered a roboadvisor, such as Wealthfront or Betterment?
    Apr 22, 2021 0