wilkeliza
DIS Veteran
- Joined
- Feb 1, 2013
Fair enough but I'm sure you get the point. Get back to me during the next recession. I'll be curious to see how your advisor performed.
A good advisor will make sure your nest egg is spread out in different ways so a recession won't matter. Also a good advisor should see a recession coming and advise properly. Of course this is only if you find one with fiduciary duty because if they don't have that then they don't legally have to be working in your best interest. With that they can get in a heap of trouble for making bad advice that is for their gain and not yours. A financial advisor is not a stock broker so they shouldn't be advising only for things that would be negatively affected in a recession.