IFA and DFM's - do I really have to have an IFA?

Linton

Rollinghome wrote: »

One of the few firm rules of investment is that, as Warren Buffet often makes clear, you reduce your chances of a decent return if you give handouts to layer upon layer of "helpers". Google for his famous story of "The Gotrocks and Helpers".

....

Edit: link to Gotrocks tale http://money.cnn.com/2006/03/05/news/newsmakers/buffett_fortune/index.htm

Good story. The first thing I must do is sell my massive holding in Berkshire Hathaway. That will get rid of one "helper".

gadgetmind

Linton wrote: »

The first thing I must do is sell my massive holding in Berkshire Hathaway.

Hang on while I get my PA to call my IFA to ask him to check with my DFM whether this is a good idea or not.

Rollinghome

gadgetmind wrote: »

Hang on while I get my PA to call my IFA to ask him to check with my DFM whether this is a good idea or not.

If the DFM holds that fund for you through a fund isn't it the fund manager of that fund's job? That's the fund manager that runs the fund that your fund manager puts your funds in I mean, not the fund manager of the fund that puts your funds into Mr Buffets fund.

Imnoexpert_2

Guys,

Having read your posts over a good period I think the three of you together with Dunston should pick a good pub convenient to you all and have a night out over a few beers.

Put the world to rights in a more convivial atmosphere!

I think we should all get out more!