Choosing to manage finances independently can lead to oversights in risk management and portfolio diversification. While ETFs are beneficial, they may expose investors to market volatility without the safeguards a financial advisor provides. An advisor offers a tailored portfolio based on individual financial situations, helping manage potential risks, ensuring liquidity in emergencies, and making real-time portfolio adjustments to navigate market changes effectively. This holistic approach aids in avoiding major financial losses and promotes long-term stability.
The problem with this line of thinking is two-fold in that buying and holding ETFs isn't the only way to be financially successful in the market.
Adding a financial advisor to the mix will help look at your age, income, current net worth, projected net worth, and any financial obligations you might have later in life.
#financial-advising #investment-strategy #risk-management #portfolio-diversification #etf-investment
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