“Finance isn’t rocket science, but you’d better understand it clearly.”
Father is a doc, brother is a doc, wife is a doc.
“If you need or want a financial advisor, be sure to hire a fee-only financial advisor.”
“The main difficulty with choosing an investment advisor is that by the time you know enough to choose a good one, you probably know enough to do your financial planning and asset management on your own.”
From No Cost to Comprehensive
“Don’t feel obligated to hire someone who lives in your town. Most financial advising can easily occur by email or phone. I’d rather have a great adviser who lives across the country than a mediocre one who lives next door.”
“You can do it yourself, but it’s difficult, and I think the 1% estimate is probably about right. I come up with actually a theoretical estimate of around one one-hundredth of 1%, but that may be off.”