Reasons for people choosing a financial advisor instead of managing investments

[Berryfolia]

Before emotions, fluctuations, and intricate tactics enter the picture,managing money seems simple.For this reason,many people opt for a financial counsellor rather than doing it themselves.

1. EXPERTISE & EXPERIENCE: Advisors contribute years of experience in financial planning,taxes,and investing.
2. TIME-SAVING: Market research,portfolio rebalancing and tend monitoring are full-time tasks.Advisors take care of that for you.
3. EMOTIONAL DISCIPLINE: Greed and fear can cause poor choices.Advisors help you stay on course for long-term objectives.
4. PERSONALISED STRATEGY: Random stock selections are inferior to a sound financial plan that is customized to your objectives.
5. RISK MANAGEMENT: Experts assist in reducing losses and maximizing profits.

Would you rather go it alone or would you trust an advisor?

[Reatim]

Before emotions, fluctuations, and intricate tactics enter the picture,managing money seems simple.For this reason,many people opt for a financial counsellor rather than doing it themselves.

managing money seems simple until you do it yourself and you end up losing more money than earning and saving some

Would you rather go it alone or would you trust an advisor?

right now i do not think the amount of wealth i have warrants a financial advisor just because it is not that plenty for me to hire anyone to manage it for me

just the amount of money i would spend on paying for the financial advisor would be too much and that is money i would just rather keep, save or spend on myself

[stomachgrowls]

Would you rather go it alone or would you trust an advisor?

Just like on the comment above on which if you dont have any idea or have nothing on your mind about money management, then getting some advisor would really be that recommended rather on making up yourself having those decisions on your own on which it might be resulting on misspending because you dont have any idea on what you should gonna do with your money, but still that depending into some aspects because there were individuals who can be able to think off well despite of having no knowledge about finances. It is really just that they do make out some research online or getting up some advises into those people they do know and with this, you cant be having that spending or extra charge. This is why it will really be that up to you on how you do make out such acts.

On my case, i would really be that going solo even if it means that i would really be that trying out different methods and ways. The thing that matters on here is that making up some secure planning and proper risks management. It might be that hard since you dont have the idea but once you do able to get up that experience and awareness then you would be finding yourself that holding up at least.

[Dave1]

Before emotions, fluctuations, and intricate tactics enter the picture,managing money seems simple.For this reason,many people opt for a financial counsellor rather than doing it themselves.

Would you rather go it alone or would you trust an advisor?

I'm not sure though that average joe investor just like the majority of us are getting a financial advisor? I mean do we really need to pay someone to manage our investments? Specially in this market, it's just to basic, accumulate thru DCA and hold in the wallet that you have control of.

I will understand if you have millions of investment and then it is diversify, maybe you need someone to manage and overlook every dime of your millions of investment. But for us here, I would not go to that route.

In any case, I'm not against those who can afford and willing to go this way, it's their call.

[Joy- maker]

To answer your question for now I don't need a financial advisor, because my money not huge enough and my investment is not large enough to go for a financial advisor, but If you have little experience of dealing with finances or you are confused about making a decision, it may be helpful to get a financial advisor because financial advisor is good for they provide comprehensive financial strategies base on your needs, that can cover many aspects of your life, including investment and insurance.
Another thing is to be careful in choosing a financial advisor for many claiming to financial advisor while they not and secondly chose a professional financial advisor for many financial advisor are claiming to be professional while they are not.
this is just my own opinion and contribution.

[DeathAngel]

Personally I make my own investments & manage my own risk but I understand why some more financially illiterate people may prefer their portfolio to be manager by a financial advisor. I don’t really like taking financial advice from people who likely have a lower net worth than myself.

[bubilas]

Would you rather go it alone or would you trust an advisor?

I believe that a financial advisor is not needed by those who want to understand cryptocurrencies, investments and stocks themselves. And the main reason is that if you start to have your own knowledge and understand the issue of finance, then this knowledge will remain with you forever. And if you use the services of an adviser, then he will not tell you on what basis he began to invest in this or that asset.
It turns out that you are actually investing in the fact that a person will develop himself, and you will not have this knowledge, if he leaves you, then you will not understand why he invested in certain assets.

[mindrust]

I manage my own investments and I am doing quite fine. If people are afraid to manage their portfolios, they should just buy bitcoin and index funds. Especially the S&P500 has a long healthy track record. Nobody can go wrong with it. If the portfolio manager underperforms the S&P500, and most do, why would I even need his services? I’ll just buy the index. Unless the portfolio manager’s name is Michael Burry, he ain’t getting a penny from me.

[Apocollapse]

If I have at least $100 Million and I live in a country where the regulations and laws apply to every citizen despite how much their wealth, titles or families, I will hire financial advisor.

I didn't even achieve $1 Million yet, so for now I'm the one who manage my own investment.

Choosing financial advisor isn't easy though, you're technically trusting all your wealth to one person.

[Stella Mese]

Would you rather go it alone or would you trust an advisor?

After thinking again, I prefer to do it myself, although there are many considerations from a comprehensive aspect by doing it yourself without an advisor, but it can be taken as a good thing so as not to depend on the financial advisor, for that it is necessary to know the basics, that way it will be better, if your financial advisor is not there when needed then you will feel disappointed.

[hyudien]

Would you rather go it alone or would you trust an advisor?

I manage my investment completely independently, it doesn't mean I don't need a financial advisor but that method is intended for rich people not for me, especially investing in crypto in my opinion doesn't require a financial advisor what is needed is to understand market conditions and know how to take advantage of opportunities. Besides if we control our investment independently we will be able to get an additional bonus, namely getting a lot of knowledge and science.

[BIT-BENDER]

Would you rather go it alone or would you trust an advisor?

After thinking again, I prefer to do it myself, although there are many considerations from a comprehensive aspect by doing it yourself without an advisor, but it can be taken as a good thing so as not to depend on the financial advisor, for that it is necessary to know the basics, that way it will be better, if your financial advisor is not there when needed then you will feel disappointed.

Maybe for now you actually don't need a financial advisor because your portfolio aren't that tasking but if have lots of financial commitments I believe you will do yourself a favor by employing the service of a few financial advisor.
This is not only good for your financial status but will also allow you the time luxury to pursue other things.
You can't be penny wise pound foolish all the time by saying you don't need that service and you can handle it yourself because a professional will give you far more beneficial outcome.

[Natalim]

If you have multiple investments to manage, then it’s not bad anyway to find someone who is knowledgeable and reliable enough so he can lead your investment into success. But if you are still starting to manage your investment, it’s best to learn it on your own and master your strategies that you find suitable on your investment.

Don’t worry if you experienced certain losses and frustrations, that’s part of making your business grow. If you can survive all of that and even manage to be productive, rest assured you are doing the best thing for your investment.

[bitLeap]

Would you rather go it alone or would you trust an advisor?

Having an investment advisor is very good but the financial ratio must be adequate, because this is a crypto investment, I prefer to manage it myself as the investment goal is to prioritize full control over the assets owned. Moreover, I am only a small investor and it would be good to take advantage of every small opportunity to get full profit, and you can also learn a lot while running the investment to understand it better.

[uneng]

Would you rather go it alone or would you trust an advisor?

It's a good idea to have an advisor, especially when you don't have much experience with investments, or when you are too busy with another activities which demand a lot of your daily time. However, it's not cheap to find a professional and trustful advisor who can manage your funds efficiently. Highly rated advisors will work only for investors who have a large patrimony, and as we know, they are the tiny minority.

Reality is that if we want to invest, we have to do it by ourselves, without expecting advisors will come in our aid. And in order to do that, we need to educate ourselves in financial matters, besides doing little experiments here and there with small sums of money to conclude what works and what should be discarded.

If financial progress is achieved this way, then we can start thinking about hiring an advisor someday.

[lizarder]

Before emotions, fluctuations, and intricate tactics enter the picture,managing money seems simple.For this reason,many people opt for a financial counsellor rather than doing it themselves.

Is this necessary for many people who are struggling to develop their financial potential to be better. Do you know how much it costs to use a financial advisor? When we are struggling to achieve a much better standard of living, financial advisors are not needed because we must have our own skills to manage well, unless our financial level is already in the big category.

Not so sure for now we need a financial advisor because what we need to do is find favorable conditions in managing finances independently and in the crypto space there is almost no need for a financial advisor in an effort to maintain the points you mentioned because people can manage themselves by learning to understand it.

Would you rather go it alone or would you trust an advisor?

I prefer to manage it myself because so far a financial advisor has not been needed in my personal life. We can learn this aspect without having to hire a financial advisor in investing in crypto.

[Marykeller]

The level of what you are into "financial'' can be decided by you whether you need the services of someone that can manage for you, your wealth, or do it yourself.

Since I don't have many properties or companies in my custody yet, I think I am the one managing my little money on crypto investment. By the time I have properties or investments worth millions, I can consider or not employ the services of a financial advisor.

That being said, any decision I will take in the future about financial advisors will depend on my state of wealth. If it is what I can do alone, fine. If it is not, a financial advisor will be needed on my side to help out.

[Dunamisx]

The major reason is that many found under this category wont be able to manage their financial resources well in such a manner to make it more profitable and they will also want to avoid the risk of going bankrupt with their capital, so they will rather prefer using a financial advisor in managing their asset for them and also bear the risk, theirs is to supply with he asset or capital and the advisory take the risk and invest on their behalf, but the only disadvantage here is that they can use our money in making an investment of any kind and they have no limit to what they can earn at the cause, while we are being limited to what we can earn form them.

[Marvelockg]

Would you rather go it alone or would you trust an advisor?

One's financial state determines if it is necessary to get the service of a financial expert or do everything on one's own. Remember that requesting the service of a financial expert when you can literally make all the financial decisions on your own is a financial error on its own. When it gets to the point where I can no longer handle my finances, then I will certainly get one.

With more money comes the urge to spend more, and when you are the only one in charge of your finances, there's always no form of financial accountability, which can be disastrous on its own. It is the same with requiring the service of a security personal. There are phases when getting one looks unnecessary, and there are other times when refusing to get one might be a costly decision to take. Until growth has made it necessary that we have to get a financial adviser, I can pretty much sort out all financial decisions on my own.

[Gozie51]

Would you rather go it alone or would you trust an advisor?

Like it is said, two good heads are better than one. There is time for everything as it is said again. If someone opens a business that he or she is inexperienced on, to have an adviser is best for such person because the adviser would have had sufficient experience supposedly gone through the hard times and teething stage of the business. The problem is that some entrepreneurs want to do things on their own because they don't want to employ and pay experts to help them set their business up and by that they may have management issues.

If I want to go into something new then I should be able to summon myself in all aspect to get someone who already have requisite knowledge on it and learn from the person. There is always a stage of mentorship and growth which is why their are apprentice who learn from someone known as the master, just like the goat is feeding, the kid also watches.