Do you understand your personal finances?

[NajdorfDefense]

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No different than a doctor, lawyer, or acc't. And yet people famously don't shop around for the lowest-priced heart surgeon, or defense attorney.

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Well, I thinks it's quite a bit different than that.

That's all I'm saying, that a lot of people of people (assets under 500k, say) would be better off with 100% of their funds in VFINX rather than looking for professional advice. (And of course, I'm not saying that is the best solution, just an improvement for many of them.)

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Again, I feel this is not good advice. Bad advice is not much of an improvement over bad advice with high fees.

To me, this is exactly the same comparison as going to a bad lawyer, or a bad and expensive lawyer. You should not hire either of them.

This is a roundabout way of me saying you have to educate yourself, I suppose.

Optimal low-cost, low-effort would be to get a recommendation from a local, fee-only fin'l advisor. Talk to the guy twice a year, pay $25-100/hr or whatever, and get a complete fin'l plan that incorporates all aspect of your life, or investing life.