How to get really objective smart $$ advice

BCEagle91
Fri, 01 Feb 2013 10:47:52 +0000

Financial planning is a large, complex area of knowledge. Income tax (even the narrow
realm of individual income tax) is a large, complex area of knowledge. It’s easy to find
people who do both, but hard hard to find someone who’s really good at both.



Yes. And it includes stuff like legal insurance, dealing with elder-care issues, college expenses, hopes and dreams and other stuff that I can’t recall at the moment. I interviewed a financial planner a long time ago and was stunned that I knew a lot more about the financial markets than he did but he covered all of these other issues so I guess that it’s hard to be good at a bunch of things.

I have a very hard time trusting other people with my financial assets so I just pay for advice from someone that is very good at trading and that watches the markets and analyzes them full-time. I also get to chat with other sharp traders. I also follow two other guys that provide trading and investing advice for free.

It helps if you’ve taking some accounting and finance courses though. Bob Brinker advised investors to do a lot of studying on your own and I agree with this approach. I will buy services where I need them but I prefer trying to do much of it on my own.