Financial Planners?

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+1. You'll probably get help from the "resident" experts in that section.

 

What the Consultant and the Silver Subscribed guys said.

 

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Most financial planners skills begin and end with their ability to sell. Most of them have never owned a business, have a net worth under a million dollars and are in no position to offer advice but will attempt to sell you on investments they don't understand. There's plenty of people out there who bragged about their "really clever financial planner" two years ago, I don't hear that so much now. An accountant with a background of working with successful clients (with good references) is far more valuable.

 

+1

I have 3 financial planners I work with for different reasons. All 3 of them want me to take the portion of my portfolio that I've moved to cash and put it back in the stock market because, at my age level, I should be "a long term investor". I sit there and say "no way" and "not right now". They just don't factor in the possibility of a major once-in-a-lifetime financial system meltdown. That scenario just doesn't seem to have been part of their prior formal training. They hang their hat on "dollar cost averaging". Lately, that strategy has become a direct road to the poor house.

 

You have to do it yourself. My dad and I manage my parents money together and I spend about 6 hours a week on it. Get some background in economics and do not listen to the media. Do some legwork on industries you know and invest accordingly. We invest in angel investments, PM , oil ( my dad was in the oil business with BP for 30 years) Tbills. We got out of the stock market over a year ago and were able to predict the down turn due to talking with other amature economists on chat sites ( Kind of like Fchat ). You realy have to do this yourself or you will get hosed. It took me a couple of times with some big losses from listening to these planners to learn this.