Afford Anything Q&A: My Company Is Going Public and I Have No Idea What to Do – Plus, Should I Fire My Advisor?
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Jun 24, 2025 Dive into financial management as one listener grapples with switching from a financial advisor to self-management. Discover the ins and outs of Cost Segregation and how it can enhance investment property returns. Another caller preps for a major IPO, discussing the potential ups and downs of the transition. Tips on navigating the complexities of real estate investment and a lighthearted critique of superhero movies add a unique twist to practical finance advice. Get ready for a blend of serious insights and humor!
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Consider Self-Managing Investments
- If you dislike changes in your asset management firm, consider self-managing your investments with periodic professional check-ins.
- Your relatively straightforward financial situation supports a DIY approach supplemented with hourly CFP consultations.
Value of a Good Advisor
- Be cautious about abandoning asset management fees without confidence in your own follow-through.
- Financial advisors can add significant value by preventing costly mistakes and ensuring timely execution of investment decisions.
Schedule Biannual Portfolio Reviews
- If hesitant about rebalancing or tax loss harvesting, schedule two annual meetings with your CFP for those purposes.
- Twice-yearly reviews are effective for maintaining your portfolio without over-complicating the process.