Timeline for How does one find a good financial advisor?
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| Apr 16, 2010 at 22:34 | comment | added | DrFredEdison | Your analysis leaves out an important aspect: Risk. I'f I pay off a 6% loan, I have no risk whatsoever of having to pay more on that loan in the future. However, if I leave my money in the market earning 10%, there is some significant risk (as the economic recession has shown) that my investment could tank in value, I'd not longer be able to to pay my loan, and I'd not have the income I expected from the investment. | |
| Apr 13, 2010 at 2:55 | comment | added | Benjamin | Be careful with paying off ALL your debt first. Be sure to weigh the interest rate of the debt versus the potential gain of other investments. If you pay off a 3% interest rate debt and miss an investment worth 10%, you lost that 7%. Also, most debts are mortgages which are tax deductible. | |
| Nov 13, 2009 at 16:10 | history | answered | DrFredEdison | CC BY-SA 2.5 |