2 Comments

  1. Avatar Rishi Patel
    July 1, 2013 @ 4:29 pm

    Great post. For starters like me, i am 22 who do you recommend CFP or investment advisor and why.

  2. Avatar Randall Mauro @ Resnn Investments, LLC
    July 1, 2013 @ 4:37 pm

    Hi Rishi. thank you for your kind words. The issue is less about their certifications, but rather performing a proper due diligence that identifies how closely they 'manage' your account. What you want to avoid is paying someone to just "buy and hold" for you … to put your money into a number of mutual funds or ETFs and not manage them.

    Sadly, most investment advisors/financial planners these days do just that … and it is a disservice to their clients because they are not protecting your investment when the market declines (as it will). Corrections happen 2-3 times every single year and active management will protect your portfolio from large unnecessary losses. Imagine how much better off your portfolio would be if you avoided the next 20% decline!

    If you would like, shoot me an email and I will give you some suggestions that are specific to your circumstance.