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Old 09-06-2006, 02:28 PM
Newt_Buggs Newt_Buggs is offline
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Join Date: Feb 2005
Posts: 2,510
Default Re: It\'s time for poker players to start putting their money to work.

two more questions:
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I am talking about developing lifetime habits of saving and investing, as well as developing a lifetime relationship with a financial advisor (something that most people desperately need and few do).

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I've now read several times that getting a trustworthy financial advisor is important. What exactly does a financial advisor do? My life is pretty simple at the moment since my expenses are very low and I don't have a mortgage or anything like that so I'de mainly be looking for someone to help me invest. Would an advisor be able to do anything that I couldn't do on my own by just buying index funds?


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all of the talent has gone to the hedge fund industry.

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When I did some research on my own it wasn't difficult to come to the conclusion that generally index funds are better than mutual funds. But you've mentioned more than once how much better hedge funds are than mutual. Do you have any recommendations on where to start in choosing a good one?
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