There is no reason not to run your portfolio past a FA occasionally to reassure yourself you are on the right track-it’s a sensible action to take
I did this once or twice when I was starting out-it gave me confidence
In the U.K. a IFA (Independent Financial Advisor) is fiduciary responsible for mistakes he makes rather like Doctors and Medical Advice
He may want to do things differently but if your portfolio is OK he has to say so!
Are Singapore FAs as severely regulated?
You often get the first financial consultation free or if you have to pay use an advisor who charges an hourly rate
This be a way ahead for you as a compromise to full advisor use
At the very least even if you stick with your current advisor you are taking charge of your personal investing finances and are in a better position to monitor your portfolio and FAs performance
xxd091
I did this once or twice when I was starting out-it gave me confidence
In the U.K. a IFA (Independent Financial Advisor) is fiduciary responsible for mistakes he makes rather like Doctors and Medical Advice
He may want to do things differently but if your portfolio is OK he has to say so!
Are Singapore FAs as severely regulated?
You often get the first financial consultation free or if you have to pay use an advisor who charges an hourly rate
This be a way ahead for you as a compromise to full advisor use
At the very least even if you stick with your current advisor you are taking charge of your personal investing finances and are in a better position to monitor your portfolio and FAs performance
xxd091
Statistics: Posted by xxd091 — Sun Jul 14, 2024 5:20 am — Replies 71 — Views 10702