I came across this blog post from Tim Mauer, Director of Personal Finance for the BAM Alliance, the other day and it resonated with me. I think we are all guilty of over-stating our own capabilities. I’m an above-average driver, an above-average worker, and my portfolio gets above average returns. As Garrison Keillor says, Lake Wobegon – “where all the women are strong, all the men are good looking, and all the children are above average.”
But at the end of the day, we all have to look in the mirror and face up to reality. And this can be especially hard when looking at the choices we have made in our selection of investments or of a financial advisor.
The industry is, unfortunately, deliberately confusing. There are too many fee models, too many investment options, and too many people that get paid to sell you products instead of working with you to design a plan that is transparent, evidence-based, and in your best interest.
Come talk to us – we are happy to answer questions concerning your current portfolio or help you get started on putting together a plan that will address your concerns and help you get to your goals.