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Updated over 2 years ago on . Most recent reply
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Does anyone use financial advisors?
Hey guys just wanted to know if anyone uses financial advisors for their investments? Does anyone recommend one around in LA? San Bernardino county area would be better. I want to open a LLC.
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- Rental Property Investor
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Most financial advisors are simply sales-people who sell you the stocks or funds. They often direct you to the ones that make them or their company the most money. Ironically most financial advisors are not financially free themselves. That should tell you something. Why take financial advice from someone who has not demonstrated the ability to master their finances?
Opening an LLC? Why? You certainly don't need one if you are going to take the advice of a financial advisor. You also don't need one to get started in real estate. If your attorney says you do need one, it should be customized to reflect your circumstances and you need to know how to manage it properly or it does you no good whatsoever.