If I plan on investing in index funds, do I need a financial advisor?

I am planning to invest in Vanguard's index funds. Their advisory services charges 0.3% of your assets per year. I am planning to invest $50,000 no matter what. I am also going to be expanding my portfolio as per Vanguard's advice. Should I opt out of their service that they provide so that I have more funds to invest with?

Financial Planning, Investing, Choosing an Advisor, Mutual Funds
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1 week ago
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Just to invest in index funds, you don't need a financial advisor, but that assumes you have come up with an asset allocation that is appropriate for your circumstances.  Generally, asset allocation will be determined by your time horizon, investment experience, risk tolerance, and need (if any) for current income.  If you have several decades ahead of you and can deal with periodic market corrections of 10%-15%, you may consider going ahead on your own.  Even so, you need to be aware of market valuations both in the U.S. and abroad.  The U.S. markets are valued toward to the top end of their historic range.  By contrast, the relative valuation of emerging markets is about 50% lower.  Developing markets are about one-third lower.  With that said, I suspect that the best bang for the buck will be found in Vanguard's Total Intermational exchange-traded fund.  If you have a more limited time horizon, you may want to supplement that with Vanguard's Total Bond Market Fund.  I don't know that even with the modest fee they're charging what more Vanguard can do for you.

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