Episode 12: Your Advisor Is Not Your Friend
When it comes to building a portfolio and a retirement plan that works best for you, it’s crucial to have an advisor who is both professional and competent. While it’s important to have a good relationship with your advisor, there’s a distinct difference that Jim and Dan highlight in this episode, you want your advisor to be friendly, but you don’t want them to be your friend. Your money is yours, and you want to manage it in a way that makes it work for you and for your family, not in a way that works for your advisor.
Another way to make sure your money is working for you is to manage the amount of risk in your portfolio. Further in this episode, Dan and Jim discuss risk management and the larger effects that having too much risk can bring.
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