SCOUT· 35%5m·2026-09-21·MoneyMy Friend Is My Financial Advisor. Should I Hire a Professional?
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What people are saying
“I guess I am a fool. I have been DIYing it for 29 plus years and am a multimillionaire. You can teach yourself you know. Those investors rarely have a degree in finance, accounting, etc. they are selling you a product. Managed accounts rare…”
“Consult with an advisor, but you don’t need to turn your money over to them .”
“Warren Buffet has instructed his kids to invest their inheritance as 90% S&P index fund and 10% cash. But what does he know?”
“IMHO — Don’t do ongoing commissions .. do your own research and pick some great mutual funds and “set-it and forget-it” .. if you need to pay someone for advice do that— pay them a one time fee… but IMHO don’t pay a financial advisor monthl…”
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