Originally posted by rennigade
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I can't go to a restaurant and serve myself. Even at a buffet, there is usually a server bringing drinks, clearing dishes, etc. who I tip when I eat there (though I don't give 20% in that setting).
But why should I pay an advisor 3%-5% to invest my money when I can pay less than 1% to Vanguard and get top-quality professional management? If there were some good evidence that the professional advisor would earn me superior returns I'd be happy to pay for the service, but there is no such evidence.
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