Evaluating Managed Funds

[rockrock]

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I am in investment advisor, and as I mentioned in another thread, I feel strongly about passive, non-forecasting investments strategies.

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It may be your job to convince people of this, that doesn't make it true. It's only difficult to beat the S&P because you guys are too busy charging fees.

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The mutual funds are worse.

The guy gives good advice and you don't need an investment advisor to implement his advice.

I know its easy to take shots at the way a man puts food on the table but investment advisors have their place.

If one has a large portfolio that can be tax-loss harvested every year to offset other cap gains, a CFA is worth the money and then some. They will rebalance for you optimally and get you optimal tax losses.

You don't need a CFA for this but if your portfolio is big and has many securities or funds it can be worth it.