The last few times I have spoken to a financial planner, I had those responses:
Most of theses candid replies shocked me, as I thought that financial planners had some extra knowledge or experience I was lacking. They didn't have much to offer.
I have learnt a bit about investments, but I am far from understanding this field that well. It shocked me to find out that licensed "specialists" had so little to offer to an amateur. I suspect that, when they make a nice income from selling managed funds to the less informed, they don't need to be experts.
My wife knows a bit about health (self-educated), but when she goes to the doctor, the doctor at least can tell her something that improves her knowledge.
- "It sounds like you know more than me, sorry I can't help you"
- "You are self-educated in financial matters, this is not for you"
- "You're doing very well already. Keep doing what you are doing"
Most of theses candid replies shocked me, as I thought that financial planners had some extra knowledge or experience I was lacking. They didn't have much to offer.
I have learnt a bit about investments, but I am far from understanding this field that well. It shocked me to find out that licensed "specialists" had so little to offer to an amateur. I suspect that, when they make a nice income from selling managed funds to the less informed, they don't need to be experts.
My wife knows a bit about health (self-educated), but when she goes to the doctor, the doctor at least can tell her something that improves her knowledge.