I haven’t checked in for a while. I’ve actually been talking with a number of Professional Financial advisors – trying to see if it is worth getting a check-up of where I am at.
From a high level perspective, getting help makes sense to me. I would pay a golf instructor and I have paid for dance instruction, Karate, guitar, piano, etc. for my kids. Why not a bit for my own financial well-being?
The problem for me is the value. I have had proposals for a $1200 check-up and plan, a $6000 check-up and plan and a 1% per year Financial takeover (if you are paying attention, with a $1M portfolio that is $10k/year).
And I am still not sure on the value. As mentioned, I nibbled into AMZN and Google a few weeks ago with some call options. They are up like 25% since then. So, do I pay for someone to tell me that I shouldn’t buy derivatives or that I am not diversified enough? Or do I just continue to bank while the market has legs? And, the market still has some legs – which I will re-evaluate after earnings.