Is consulting a financial advisor something everyone should do?

Is consulting a financial advisor something everyone should do?

Is consulting a financial advisor something everyone should do?

Not if you're consulting them for stock picking. That "I'm going to pick the right stock and outperform this market and that market." Typically, it just doesn't work. There are very few financial advisors who consistently outperform the market — as in very, very few. Yes, however, if you're looking for good asset allocation, rebalancing, setting a plan, putting it in place. And the great news is those things are available today, through technology, at ever-lower minimums than were available before. And they can keep you, quite honestly, by putting you on a plan, can keep you from you trying to do the stock picking and harm yourself.

Which brings me to the next question...

Should I invest in Facebook or Amazon?

Is investing in them, in big tech, still a good idea? Yes, but only as part of a diversified investing plan.

More from GZERO Media

- YouTube

How would a Harris-Walz administration differ from a Biden-Harris White House? While the Vice President has had an integral role in policy decisions and high-level meetings and led many foreign delegations, there are more differences between the two than you might think, especially when it comes to foreign policy. On Ian Explains, Ian Bremmer breaks down Kamala Harris’ foreign policy experience, how her worldview differs from Biden’s, and what her administration might do differently in addressing some of the world’s most urgent crises.

- YouTube

Three themes dominated the DNC, says Jon Lieber: 1) defining Kamala Harris; 2) contrasting her with Donald Trump; and 3) making the Democratic Party the party of freedom. But will all that translate into votes?

Democratic presidential nominee and U.S. Vice President Kamala Harris applauds from the stage on Day 4 of the Democratic National Convention (DNC) at the United Center in Chicago, Illinois, U.S., August 22, 2024.
REUTERS/Brendan Mcdermid

Vice President Kamala Harris formally accepted the Democratic Party’s nomination for president at the Democratic National Convention in Chicago on Thursday, delivering a speech that was a calculated mixture of vibes and substance.

Indonesian President Joko Widodo at Admiralty House, Sydney Tuesday, July 4, 2023
(AAP Image/Pool, David Swift)

Thousands of Indonesian protesters in Jakarta and other major cities braved tear gas and water cannons on Thursday as they rallied against government efforts to sideline a popular opposition candidate, Anies Baswedan, and they succeeded.

A drone view of a Liberian-flagged cargo ship anchored after Argentine authorities quarantined it on the Parana River over a suspected case of mpox onboard, according to the government, in San Lorenzo, Argentina August 21, 2024.
REUTERS/Tomas Cuesta

Global public health authorities have raised the alarm about the fast-spreading variant of the virus, which has already surged in central and eastern Africa. So far in 2024, those regions have recorded over 17,000 infections, and while cases are usually mild, more than 500 people have died.

- YouTube

How will the Ukraine Kursk incursion affect Putin's way of handling his war? What do we expect of Indian Prime Minister Modi's visit to Kyiv in the coming days? Carl Bildt, former prime minister of Sweden and co-chair of the European Council on Foreign Relations, shares his perspective on European politics from Tabiano Castello in Italy.