What's the best source of financial advice?

[pchang]

financial advisors

The biggest problem with getting a good financial advisor is that the ones with the really good track records will typically only take on customers with at least $250,000 to invest.

I would suggest educating yourself with reading the education section on http://flagship3.vanguard.com/VGApp/....jsp?gh_sec=n. This will give you the foundation to figure out if a financial plan seems reasonable.

Another good place would be http://www.financialengines.com. They charge a fee, but provide a sophisticated Monte Carlo financial simulation that is usually only available to professionals.

[JimmyCracksCorn]

Originally posted by Kontiki


So am I, and I bought in Toronto.

You either had a sweet ass appartment, or now have one tiny ass house.

[joncha]

Originally posted by Asher
Kidicious.

[Kontiki]

Originally posted by JimmyCracksCorn


You either had a sweet ass appartment, or now have one tiny ass house.

Neither, really. The place we bought is much nicer and worth alot more than the place we rented. We just had a decent (but not enormous) down payment. The interest rate environment and housing market in Toronto was (maybe still is) such that it's not hard to have mortgage payments lower than rent payments. Part of what makes real estate such a great investment.

[JimmyCracksCorn]

Originally posted by Kontiki


Neither, really. The place we bought is much nicer and worth alot more than the place we rented. We just had a decent (but not enormous) down payment. The interest rate environment and housing market in Toronto was (maybe still is) such that it's not hard to have mortgage payments lower than rent payments. Part of what makes real estate such a great investment.

Nice.

[Bugs ****ing Bunny]

Re: What's the best source of financial advice?

Originally posted by Geronimo
So where do people with only the most primitive grasp of basic principles of financial planning go for impartial guidance and advice? Do you have to start by reading various 'for idiots/dummies' publications before you can even intelligently seek out such advice?

In Britain, the financial services market is regulated, and financial advisors have a statutory duty of care to act in the best interests of their customers. They will be audited in order to ensure that they comply.

I work in this field. That's why, perversely enough, I never give people financial advice on this forum. I could lose my job and face charges if I did.

[Provost Harrison]

Where do I get my financial advice? I have a team of accountants behind me

[Bugs ****ing Bunny]

Accountants? Wouldn't you be better off seeing a Financial Adviser?

If you had toothache, would you go see a Gynaecologist?

[duke o' york]

Originally posted by Provost Harrison
Where do I get my financial advice? I have a team of accountants behind me

This only means he's been out drinking after work with Dauphin and his colleagues a couple of times.

[Provost Harrison]

I know many accountants...who I've been out drinking with too