Balance by Andrew Hallam

Author:Andrew Hallam [Hallam, Andrew]
Language: eng
Format: epub
Publisher: PageTwo
Published: 2022-01-18T00:00:00+00:00

To Hire or to Fire?

Not everybody wants (or needs) a full-service financial advisor. But if you do, here’s a list of questions to ask before you commit to working with one.

1. Do you invest only with low-cost index funds or ETFs?

If the advisor says no, walk away. Some active funds do beat their benchmark indexes. But nobody can consistently pick such funds ahead of time. Looking for the funds that have done well in the past is a bad idea. Each year, S&P Dow Jones Indices publishes the Persistence Scorecard.7 Their data shows that actively managed funds with strong track records rarely keep winning. Low costs are better predictors of strong fund returns. That’s why index funds or ETFs give the best odds of success.

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