Should You Fire Your Financial Advisor for Fees?

Brian Feroldi discusses the current state of the stock market, providing insights on market valuations, personal investment strategies, and the impact of artificial intelligence on stock analysis. The conversation highlights the importance of sustainability in stock market growth, potential investment pitfalls, and the benefits of leveraging AI tools for detailed analyses.

• Introduction to the State of the Stock Market (00:01:01)

  • Overview of stock market performance in 2025, with S&P 500 recording over 15% growth year-to-date.

• Current Market Valuation Insights (00:02:04)

  • Discussion on historical performance indicators and high valuation levels.
  • "Sustained double-digit growth in the stock market isn't feasible long-term." (00:02:15)

• Brian Feroldi's Personal Investment Strategy (00:05:00)

  • Brian shares his strategy of maintaining a 30% cash position during high valuations and investing 70% in the market.
  • Importance of personal financial situations when making investment choices.

• Impact of AI on Stock Analysis (00:24:19)

  • Insights on how AI can enhance stock analysis when provided with clear directives.
  • "As long as you're giving AI clear directions, it can provide incredible analysis." (00:26:10)

• Audience Questions and Answers (00:30:00)

  • Discussion on individual stocks vs. index funds and thoughts on tax implications.

• Benefits of Fee-Only Financial Advisors (00:53:24)

  • Advocating for fee-only hourly consultations for transparent financial advice versus traditional AUM models.

• Conclusions and Future Predictions (01:03:05)

  • Summary of Brian's thoughts on market sustainability and advice for investor strategies moving forward.

• Maintain a cash reserve during high market valuations to ensure better investment opportunities. (00:06:32)
• Utilize AI tools for deeper stock analysis, focusing only on credible data sources. (00:26:10)
• Regularly consult fee-only financial advisors for actionable insights without ongoing asset management fees. (00:53:24)

• Brian Feroldi: "Investment strategies should reflect personal financial situations." (00:05:00)
• Brian Feroldi: "Dollar-cost averaging into total stock market index funds is just so rock solid." (00:21:27)

• Notebook LLM (00:25:05)
• Finviz Stock Screener (00:40:09)
• Nectarine (00:53:24)
• OpenPath Financial (00:54:32)
• Abundo Wealth (00:54:32)

• How has the recent performance of the S&P 500 influenced your investment strategy? (00:02:04)
• What role do you think AI will play in future investment decisions? (00:26:10)
• How do you approach high market valuations as an investor? (00:06:32)