Investment planning - advice needed (IFA vs DIY)

elephantrosie

i cannot get my head around why people use IFA.... but then i am dumb

dunstonh

elephantrosie wrote: »

i cannot get my head around why people use IFA.... but then i am dumb

Much the same reason people use decorators, gardeners, accountants, solicitors, plumbers etc etc.

Either because they know they cant do it themselves or dont want to do it themselves.

eskbanker

elephantrosie wrote: »

i cannot get my head around why people use IFA.... but then i am dumb

....and are therefore at higher risk of making poor investing decisions without professional assistance! Do you feel you have the self-awareness that OP demonstrates with regard to your ability (or lack thereof?) to understand the principles of investing and the basis on which to decide whether DIY or advised would be more appropriate?

TheTracker

Managing 100k in investments is a piece of cake compared with managing three kids under five.

eskbanker

TheTracker wrote: »

Managing 100k in investments is a piece of cake compared with managing three kids under five.

Not sure how seriously that's meant, so take your pick from responses such as:

Ha ha, yes, very witty

or

Eh? Why would anyone try to compare two entirely unrelated processes entailing completely different objectives, skills, aptitudes and knowledge....

gemma.zhang

TheTracker wrote: »

Managing 100k in investments is a piece of cake compared with managing three kids under five.

It did make me laugh!

Thanks and happy new year!