Financial Advisors
I’m watching a podcast with financial advisors who talk about their strategy being indexes only due indexes their lower risk and lower maintenance appeal. I’m thinking to myself as I’m watching, isn’t the market his whole life? Shouldn’t he have the knowledge to understand risk management while holding individual positions? Managing risk and diversifying is important, I hold both etfs and individual positions but I also understand that diversification can eat into aggressive returns.
My question to you: If you went out and gave your portfolio to a financial advisor, would you be disappointed if all they invested in was ETF’s?
What do you think about his take?
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