When to fire your financial adviser4 min read . Updated: 28 Sep 2016, 02:03 AM IST
In a rising market, investors tend to not mind just getting index returns because these are quite high, but the job of an adviser is to educate you on the higher returns that managed funds must deliver to justify the higher costs
I am out for a Saturday lunch with the husband and his friend. They meet regularly to argue over whether RD (Burman, not recurring deposit) was God. They almost cause a riot arguing about Bappi Lahiri (don’t even ask). Soon, sanity comes along with the food and the conversation turns to the friend’s portfolio (thank you, God). He is using some adviser who floats around in his office and seems pretty happy with him. I ask a few questions and feeling a bit like Gregory House (those who watch the TV series House will get the reference), I set out to destroy his warm, fuzzy feelings towards a guy who is obviously incompetent.
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