5. Remember that financial advisors aren’t only for wealthy people
“Why not do what you do best to earn money and let a trained professional invest it for you?” asks Brian Saranovitz, president of Your Retirement Advisor. “A recent Vanguard Investments study indicated that integrating proper retirement strategies can add as much as 3 percent efficient return to a retirement portfolio.”
Aliche adds that “you need to purposefully seek out knowledge. If you break a leg, you know that you need to go to a doctor. With personal finance, people got the notion that they could just fix it themselves. When it comes to investing, don’t be afraid to seek professional help.”
