Financial advisor vent

[Evad]

Re: Financial advisor vent

I agree 100% with your advisor's advice. In fact, I would have ended the meeting right there. If you don't care enough to help yourself then why should I waste my time trying to help you.

[markio26]

Re: Financial advisor vent

do your own research and brainstorm......hth

[Ima saver]

Re: Financial advisor vent

I think I would love being a financial advisor. But, i would just charge by the hour and it would be a very reasonable charge.

[Kris10Leigh]

Re: Financial advisor vent

Ok, Evad, I am in a REALLY bad mood right now, so I am going to hold my fingers back as much as I can, but how dare you! Can't type any more just now. Thankfully there have been enough kind and helpful people around here that I will not disappear.

[Ima saver]

Re: Financial advisor vent

Hey Kris10, we love you. Evad is just a young guy with a fancy car!!

[Kris10Leigh]

Re: Financial advisor vent

I have calmed down a bit, and can be civil now. (I wrote the above post having just completed a vent post about some recent unexpected bills.)

I don't like going a financial advisor and would take the advise to ditch him, but DH is against it. My problem is that this is our third advisor with this company and I have liked each less than the last. The guy we have now seems only to want to sell us stocks. He doesn't really care about our finances, but just wants to make money off of us. In passing conversation we mentioned that we have dear friends who own 4 restaurants. The guys eyes lit up and we had to endure a speech about increasing his business and could he have our friends phone number. I refused.

I still don't like the comment about not helping myself. If you would read the post again and my comments you'll see that I have explained myself rather well without going into my entire life history. My biggest reason for not taking on a second job over the summer is because I would not make enough money beyond the cost of daycare to make it worth the while.

And the biggest reason is one which apparently some just can't understand. I feel my boys are certainly worth a few sacrifices. I can take the "no spend" challenges in order to have time with them. I can reduce my grocery bill, I can play with my A/C temp to reduce my energy bill, I can turn off the computer at night, I can research companies that have better deals for services like phone, TV, etc. Not helping myself? Really?

[Ima saver]

Re: Financial advisor vent

Most financial advisors try to sell you stocks or mutual funds that pay them a commission. That is the type of advisor to avoid. You should go to one that you pay so much an hour, but really, if you stay on here long enough, you will get all the free advice you need.
I don't blame you for taking the summer off to spend with your kids and not put them into day care.

[Kris10Leigh]

Re: Financial advisor vent

Thanks Ima! I needed you around just now. My blood pressure is currently returning to normal.

[Ima saver]

Re: Financial advisor vent

Good girl!! Just hang in there, things will get better!![Automated by GetSmile]

[Broken Arrow]

Re: Financial advisor vent

The magic word is "no load".

It's also why it's worth looking into a flat fee-based financial advisor, instead of a comission-based one.

[Ima saver]

Re: Financial advisor vent

I agree broken arrow, but if she listens on here a lot, she can probably learn to invest on her own, without paying anybody.

[autoxer]

Re: Financial advisor vent

I don't like going a financial advisor and would take the advise to ditch him, but DH is against it. My problem is that this is our third advisor with this company and I have liked each less than the last. The guy we have now seems only to want to sell us stocks. He doesn't really care about our finances, but just wants to make money off of us. In passing conversation we mentioned that we have dear friends who own 4 restaurants. The guys eyes lit up and we had to endure a speech about increasing his business and could he have our friends phone number. I refused.

Get rid of him. What good is a financial advisor that doesn't have your own best interests in mind? In my mind, the reason money management is so important is so we have more time to do the things that we want to do. Enjoying time with your children is more important than working through the summer.

I prefer to make my own financial decisions. Nobody knows my finances better than me. And I have found tons of free resources to weed out the good ideas from the bad ideas.

[abowers]

Re: Financial advisor vent

It's a good point, I guess -- but if you're the "breadwinner" maybe your advisor should have made some sort of bold statement about your husband getting a better job.

[rob62521]

Re: Financial advisor vent

Ima, you would be a great financial advisor because you have common sense and have proven people can do it without inheriting or being born into a lot of money.

krisleigh, I'm a teacher and most folks who don't teacher don't always understand that summers are a way for us to recharge our batteries. I know some of the people who posted do understand that, but a financial advisor does not. One person posted said the advisor targeted you because you were stable and could the most money. Actually it's sort of a compliment to you. I don't work summers because I take care of all those things I didn't have time for during the year and I relax. But, I also do stuff my DH would have to do when he got home from work so he appreciates that. But, I know a lot of teachers who work during the summer because they like the extra money.

[vsjhoc]

Re: Financial advisor vent

Hey Kris10, we love you. Evad is just a young guy with a fancy car!!

I think Evad is some middle aged fart who just makes up things to get a reaction out of people.