Financial Advisor vs. Index Funds: Is One Better?

Once you’ve figured out what to invest in, you may be wondering how to get started. If you’re like most people, you’ll probably hire a financial advisor. But that’s not the only option.

 

In this episode, we discuss the three ways you can go about investing and the pros and cons of each.

 

Show Highlights

 

• [03:23] The pros of hiring a financial advisor

• [08:54] The cons of hiring a financial advisor

• [16:01] How you can do it yourself when it comes to investing

• [18:56] The pros of DIY index funds

• [21:02] The cons of DIY index funds

• [24:08] Hiring a financial advisor vs. DIY index funds

• [28:01] The third way you can go about investing

 

Links and Resources

 

🟢 Investing Basics: Bonds, Stocks, Mutual Funds, and ETFS → tinyurl.com/s01ep65

🟢 401(k) vs. 403(b) vs. IRA: Which Is Better for Retirement → tinyurl.com/s01ep63

🟢 The Simple Path to Wealth by JL Collins → tinyurl.com/fiscallysavage-pathtowealth

🟢 Fiscally Savage → FiscallySavage.com

🟢 Fiscally Savage Tools → FiscallySavage.com/tools

🟢 Instagram → Instagram.com/fiscallysavage

🟢 Facebook → Facebook.com/fiscallysavage

🟢 Twitter → Twitter.com/FiscallySavage