On: Reddit's Stock Threads Become a Must-Read on Wall ...

[rjkennedy98]

This is wrong. My mom hired a professional and made under 4 percent a year during the biggest bull market in history. He got 1% and the mutual funds got 1% so fees were over half her gains. Professional financial advisors are mostly crooks. They sell fake expertise and often put your money in places they would never put it themselves.

Better advise is to read some books on personal finance and invest in low cost index funds.

[marketgod → rjkennedy98]

Find a fee-only advisor and have them setup a plan. Then vet their plan with another one. Also do your own research.

People need to realize they have a second job no matter if they like it or not which is to allocate your assets and manage your risk.