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Is an index fund better than having to hire a financial advisor?

I would like to know if I put my money into an index fund, preferably the S&P 500 Index fund, would that be better than having to hire a financial advisor? For the long term it feels like I couldn't go wrong with this scenario. What is your opinion?

Choosing an Advisor, Mutual Funds
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June 2016

A lot of people on this site will probably disagree with me but, in my opinion, the value of a financial advisor is rarely in the investment selection. If you did nothing but buy and hold for 30+ years, you could do a lot worse than owning the S&P 500. That being said, a financial advisor becomes helpful as you want to start taking steps to match your portfolio with your risk tolerance, get more tax efficient, allocate for nearer term goals, manage cash flow, plan for retirement, and take emotion out of the equation.

I don’t know if the S&P 500 is right for you (so please don’t take this as investment advice), but if you are young and willing to ride out a 50% drawdown like we saw in the financial crisis, keeping it simple is often a lot better idea than some of the more complex strategies I see thrown around.    

June 2016
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June 2016