Author Topic: Fiduciary?  (Read 2424 times)

Chupi555

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Fiduciary?
« on: November 24, 2014, 12:56:33 AM »
I'm reading Tony Robbins new book: http://www.amazon.com/MONEY-Master-Game-Financial-Freedom-ebook/dp/B00MZAIU4G

And he mentions several times about the benefit of getting a fiduciary to help plan out investment planning. (it would be nice to make a plan myself for IRAs, 401ks, asset allocation, tax stuff, HSA, etc, but then have someone look it over and help make sure I'm not missing anything...I'm very new to this stuff, slowly learning thanks to this site, forum, and a few others)

Anyone have any opinions on this?



deborah

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Re: Fiduciary?
« Reply #1 on: November 24, 2014, 01:34:35 AM »
Aah - a financial planner! You can put a case study here.

superannuationfreak

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Re: Fiduciary?
« Reply #2 on: November 24, 2014, 03:57:49 AM »
Enjoy the book, get motivation from it.

Then read this review: http://www.basonasset.com/yes-i-actually-read-most-of-tony-robbins-new-book/

Treat the investment advice itself with a degree of scepticism.

A fiduciary may an entirely reasonable idea depending on your financial advisory needs, degree of jitters and the amount you have to invest.  But if you go down that path you want to do so in a cost-effective manner.

BEN_BANNED

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Re: Fiduciary?
« Reply #3 on: November 24, 2014, 06:10:16 AM »
I just started reading the book yesterday. Good stuff so far.

I mentioned I was reading the book in passing to a friend and he said Robbins was a snake oil salesman who advised everyone to sell their stocks in 2010 while the market was in overdrive.

He emailed me a link this morning.
http://business.tonyrobbins.com/an-important-note-of-caution/

deborah

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Re: Fiduciary?
« Reply #4 on: November 24, 2014, 02:10:29 PM »
Enjoy the book, get motivation from it.

Then read this review: http://www.basonasset.com/yes-i-actually-read-most-of-tony-robbins-new-book/

Treat the investment advice itself with a degree of scepticism.

A fiduciary may an entirely reasonable idea depending on your financial advisory needs, degree of jitters and the amount you have to invest.  But if you go down that path you want to do so in a cost-effective manner.
Very interesting review

Chupi555

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Re: Fiduciary?
« Reply #5 on: November 24, 2014, 03:15:18 PM »
Quote
Then read this review: http://www.basonasset.com/yes-i-actually-read-most-of-tony-robbins-new-book/
Quote

Thanks for posting this. Very good review and makes perfect sense.

Chupi555

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Re: Fiduciary?
« Reply #6 on: November 24, 2014, 03:23:41 PM »
I guess I'll just stick with the basics.

Save more, invest into vanguard index funds, and try to learn how to do it tax efficient on my own.

My gut says the cost of the fiduciary won't outweigh the benefits. I'd be better off just learning this stuff on my own and slowly getting better and better over time.

Thanks everyone for your thoughts!