I have contacted numerous fiduciary advisors and they also want to sell you THEIR proprietary mutual funds and annuity products. Their fees are higher than etf indexes /TSP funds that can easily be chosen on your own. Just because they have fiduciary responsibility doesn't mean fees will be less of course,nor returns any better than what you can do on your own.
Standards may be higher for fiduciaries, but they also need to make a living. They have to stay in business. I check the SEC site for any "negative" actions against them. If they've moved around a lot, don't consider them. It means they could have gotten into trouble and moved on.
You can find some simplistic advice in Kiplinger magazine, (Don't even consider Money magazine.)
It's best to educate yourself and do your own investing . it's also true
that most aren't interested enough to do it very well.
One-size-doesn't fit all as we have different risk tolerance, time horizons and emotions.
Sarah has repeated this.She's done a lot better as she is able to keep emotions in check
and go by numerous technical factors.
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Posted by: Liz Sharpe <lizhsharpe@gmail.com>
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Neither the TSP Strategy group, nor individual members, are licensed or authorized to provide investment advice. Any statements made herein merely reflect the personal opinions of the individual group member. Please make your own investment decisions based upon your personal circumstances.
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