and question back to the financial planner:
what advise are you giving clients, in this low interest rate environment?
let me guess:
Index Mutual funds (stock market)
Growth stock mutual funds (stock market)
It depends on the client of course, but my firm bases recommendations that follow most endowment philosophies (Yale, Harvard, Cornell, etc). This usually involves a core of mutual funds however the old Modern Portfolio theory of "having a diversified blend of mutual funds and you can weather any market" was majorly disproved in 2008. We, like most endowments, focus a lot on involving alternative asset classes: options, private and public reits, oil and gas limited partnerships, currency hedging, etc.
These are well diversified where no more than 10% is in any one area as these can be risky and/or illiquid investments on their own. And you have to know how to evaluate these types of investments or hire someone whom you can trust.
I don't file my own taxes I hire a CPA. I don't know if most people should be managing their own investments, however I understand that it's difficult to find someone you can trust who isn't just going to sell you an equity indexed annuity at a 10% commission, then never talk to you again
sometimes I really hate some of the people that work in my field.
If you invest like everyone else you can expect the same results as everyone else. Look up how major universities invest their endowment funds. It's quite interesting.
Due to my licenses, I can not give specific advice in a public forum. Sent from Petguide.com Free App
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