I’ve shared my poor experience working with a financial advisor and spelled out inherent conflicts of interest that are present when paying for financial advice.
You may think I chose the title of this article as “clickbait” to draw readers in for a bait and switch. If so, you’re wrong.
Maybe you think I sold out to make money from financial advisors. Wrong again.
I became a DIY investor and financial planner several years ago. I began writing about my experiences to be an educator and consumer advocate. Naively, I thought everyone could and should be DIYers when I started writing about these topics. I was wrong.
Since I’ve started writing and sharing my story publicly, I’ve received many questions from readers. I’ve also become the defacto expert among family members, friends, and former co-workers to answer investment, tax, and retirement planning questions.
These interactions made me realize my ignorance in assuming anyone could and should be a DIY investor and planner. Many people need individualized advice. Here are five reasons why.
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