INVESTING STRATEGY
Statement of Advice
Hello Pearler community! I'm looking to get my first statement of advice from a licence advisor to build a high risk growth portfolio to hold for the long term. I have never delt with an advisor before and based on my own research have majority of my savings already in VDHG. I now have the funds to pay for an advisor and am wondering if they are worth their fee in the long term ?! Any input would be greatly appreciated
3 Comments
over 1 year ago
Hi Josephine.
It sounds like you’ve already educated yourself reasonably well and have built your own high growth portfolio using a low cost fund. So you’re already way ahead of teh pack when it comes to financial literally and thinking about all this stuff.
I guess one of the advantages an advisor may bring you is that they can incorporate some of your other plans into a holistic picture and match that to your goals, if that’s something you feel you need help with. So that might be things like home ownership, property investments, super, etc.
Be careful about paying thousands of dollars for what in the end may not be unique advice. I definitely wouldn’t go to an advisor (or think you need one) simply based on being able to now afford one. But if you need specific help and advice for your situation in certain areas, then it can make sense.
Hope that helps.
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Replynick nicolaides
PEARLER
over 1 year ago
Agree Dave!
Some of the more forward thinking advisers will happily chat to you and figure out if personal advice is something you really need, or just investment advice etc. A few groups we’ve collaborated with on content (not sponsored / no kickbacks etc) are as follows:
- Pivot Wealth (Syd)
- Guideways (Mel)
- Lifesherpa (digital)
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