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  • FIRST POST
    • capital0ne
    • By capital0ne 2nd Dec 17, 4:27 PM
    • 146Posts
    • 80Thanks
    capital0ne
    Do IFAs take their own advice?
    • #1
    • 2nd Dec 17, 4:27 PM
    Do IFAs take their own advice? 2nd Dec 17 at 4:27 PM
    Why do IFA's work or even exist, surely if they took their own advice the could design a plan to provide all of their income, once of course they had created the capital they needed.

    They can't be doing it as a service to us ill-informed masses because their fees are so high.

    Just a thought for dismal Saturday afternoon
Page 2
    • Thrugelmir
    • By Thrugelmir 3rd Dec 17, 9:50 PM
    • 56,214 Posts
    • 49,598 Thanks
    Thrugelmir
    Only a small few can actually cut it - good old WB for one.
    Originally posted by capital0ne
    Not sure how you can compare WB to a private investor starting off with no capital base. Muddled thinking.
    “Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble”
    ― Warren Buffett
    • username12345678
    • By username12345678 4th Dec 17, 12:58 AM
    • 139 Posts
    • 61 Thanks
    username12345678
    IFA's get a bit of a tough ride on here (and other financial sites) but they provide a service to people who either don't have the ability to navigate a financial course through their lives or can't be bothered to learn how to do so.

    It isn't rocket science and all the resources a person would need to educate themselves are available online.

    That said, paying for advice is far better than going it alone and costing yourself far more than the IFA's fee would have been.
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