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Kon, I fully agree with you. Although I will never pay for a financial advisor as I can get advise for the price of an internet connection and maybe a couple of books. But for those that are too scared to try and learn on their own, there is definite value in this advice. Realistic...
When clients engage a financial advisor, they have certain expectations about the nature of that relationship. Ryan Murphy, Samantha Lamas and Ray Sin explore clients' expectations in aJournal of Financial Planningarticle titled "Identifying What Investors Value in a Financial Adviser: Uncovering Opportu...
Whenever possible, it is best to learn from the financial mistakes of others rather than your own. For example, I've made the mistake of using acommissioned financial advisorwho sold me crappy, expensive,loaded mutual funds; I've boughtwhole life insurance;and I've incurred unnecessary taxes ...
Many Americans do not have a financial advisor (Northwestern Mutual 2023), and at least some members of this group may significantly benefit from the recommendations offered by ChatGPT. Overall, ChatGPT is a suitable place to start when it comes to seeking answers to financial questions, but ...