Why are you still paying an advisor when your investments are not growing?
Your investments are not growing – why are you paying your financial advisor?
Is there an actual benefit in paying for advice, or should you go it alone?
Eight out of 10 small investors with a good advisor retire with enough money, according to research by Vanguard (the world’s largest index investor).
Vanguard research also shows investors with good advisors achieve 3% more growth in their investments than those who are unadvised.
The key outtake?
You need a good advisor (and a bad advisor is worse than having none)!
Ingram gave this handy checklist:
In difficult times, your advisor motivates you to remain invested.
Your advisor pushes back when you instruct her to chop and change your investments when you're unhappy.
She tells you what you need to hear (not what you want to hear).
You know what she charges for her services.
You see her at least once a year.
For more detail, listen to the interview in the audio below.
Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:
This article first appeared on 702 : Why are you still paying an advisor when your investments are not growing?
Craig Rocher on the criteria you must meet to claim for “home offices expenses” and which expenses are deductible (NOT the phone).Read More
Google services such as Gmail and YouTube don't work on Huawei devices, but there are workarounds, says Jan Vermeulen.Read More
Kieno Kammies interviews Chris Ormrod, owner of Paper Moon Bookshop (there’s one in Muizenberg and Woodstock).Read More
You can now deliver the stuff you advertised on Gumtree, says its General Manger Claire Cobbledick.Read More
"We deal with non-perishable food that is good for many, many years after the 'best before' date," says Dave Bester of Foodeez.Read More
Personal finance experts agree - RSA Retail Savings Bonds is having more than a moment, right now. Your bank simply can't compete.Read More
Bongiwe Kunene (MD, Banking Association SA) carefully and clearly explains the terms of the loan and who may apply.Read More
Distrust anything Covid-19 related that you receive from outside your trusted parameter, warns cybersecurity expert Brian Pinnock.Read More
Feel tempted to cash in your pension? Refilwe Moloto asks Andrew Davison (Old Mutual) for pointers.Read More
"The banks do not want to repossess your car," says National Debt Advisors CEO Sebastian Alexanderson.Read More
The Covid-19 pandemic and the economic destruction in its wake has left some of us wondering if we'll ever be able to retire.Read More
Personal finance expert Warren Ingram shares his concerns and offers a few pointers.Read More
Personal finance guru Warren Ingram on why you should consider this risk-free investment, especially if you live off interest.Read More
Personal finance expert Warren Ingram has advice on how to survive – or even thrive – amidst the Covid-19 outbreak.Read More
Personal Finance expert Maya Fischer-French on the pros/cons of dipping into credit insurance vs opting for a debt relief holiday.Read More
Warren Ingram, wealth planner, has sensible advice for investors in gloomy times.Read More
Markets are in turmoil in the wake of the coronavirus. How can you ''quarantine" your funds in a safe space?Read More
Wealth builder Warren Ingram on how the new budget affects you.Read More
The US market has a big impact on all markets and when they get flu, South Africa sneezes.Read More
We ask financial planner Warren Ingram to help get our tax ducks in a row.Read More