Episode 180

Investing On Your Own Without a Financial Advisor

Adam from Tampa is skeptical about working with a financial advisor and wants to know how to invest on his own. Andy, I have a hard question for you. For most of my life, I have been told what to do with my money. I had a family...

Marriage Kids and Money: Personal Finance for Families

February 17, 202034m 43s

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Show Notes

Adam from Tampa is skeptical about working with a financial advisor and wants to know how to invest on his own.

Andy,

For most of my life, I have been told what to do with my money. I had a family member work for Morgan Stanley and he invested for us for years.

Last year, we had some issues within the family and decided to part ways. My wife and I quickly decided to go with another guy who does good but the last email was life insurance focused.

The main question is I want to handle all of this on my own. I feel like I can’t teach my kids what is best without knowing. Any advice?

Thanks for reaching out Adam!

That is a tough situation you’re in and it sounds very familiar to me. I wanted to invest for the future, but I didn’t know much about investing.

I got hooked up with an investment broker that ended up having very high fees and I felt didn’t have our best interest at heart.

Based on that experience, I wanted to learn as much as possible about investing so I wouldn’t get burned again. That’s part of the reason I started this podcast ... to learn, grow and help my family get to the next level.