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Updated over 4 years ago on . Most recent reply
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Financial Advisor - Wichita
Hi folks,
I hope all is well.
Does anyone know of a good financial advisor in the Wichita, Kansas area? Perhaps one with strong real estate knowledge, but also one who can advise my wife and I on a variety of other topics, including but not limited to her 401k, stock investments, college funds/trust funds for our 5 children, etc?
I appreciate your time.
Most Popular Reply
I'd suggest spending about a week on ChooseFI website/podcast/facebook before jumping in with a financial advisor. It's an awesone finance community that can answer what you're looking for, free if charge. Even some solid REI investors there.
For example, in Warren Buffet's most recent shareholder call, he explained that decades ago when he started investing($115), if he would've invested simply into an S&P500 index, it'd be worth $600,000 today. He then added, with a 1% annual expense ratio that most advisors charge, that return over the same time period would have been cut in HALF.
This is also well explained in J.L Collins' book The Simple Path to Wealth.
Good luck man!