The article discusses the value of hiring a financial advisor, particularly for those not financially literate. It highlights that beyond managing finances, advisors serve as sounding boards and help prevent poor investment decisions. The author, a seasoned personal finance writer, reflects on his own positive experiences with an advisor, emphasizing that their guidance has helped him optimize his portfolio. This can be particularly beneficial for new investors or those about to retire. Overall, the piece promotes considering professional advice as a worthwhile investment.
You're getting more than financial advice. I don't necessarily need a financial advisor to manage my money. A big reason I use one is that I like to have a sounding board to bounce ideas off of.
Years back, I had too large a percentage of my portfolio in bonds for peace of mind. My financial advisor gently explained that I was a bit over-invested in that area and helped me find ways to earn a better return.
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