25 95k net worth, at what point would it be worth it to have someone managing my money in the stock market rather than doing it myself? when I hit 200k net worth?

For reference I do my own investing now but don’t really understand a lot of it and am not particularly interested in reading up…

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In my opinion, never

likesmart

VTI and chill until you have at least like $2M in taxable investments, and even then probably not worth it.

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Just put it in VOO or VTI. No reason to pay a % to someone who is statistically unlikely to beat the market.

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Lol most advisors won’t even bother to setup a call with you if you’re under a few million net worth. As someone who has an advisor (via birthright, it’s my dad) I’ll say advisors aren’t there for beating the market, they’re there to preserve wealth not grow it. Advisors structure your assets in the most tax sheltered way possible, to help pass those assets along to your next of kin in the best way possible, and to reassure you over the phone that everything will be alright when the market is in the shitter and your portfolio is down like $1m in 6 weeks. Lol $200k net worth getting an advisor cracked me up, let’s be real you just wanted to flex your almost $100k net worth at 25 but unfortunately you’ve come to the wrong place because that is quite literally peanuts in this bowl.

likesmart

Just piling on the “never” because it’s just not worth the cost. Someone picking stocks for you will not beat the market long-term. Choose an index you like, find a matching ETF or mutual fund, then just keep buying it every time you transfer money. Set it and forget it and save your money.

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I’m at $2.5M and still do it myself.

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Same. Not a flex, I am just old

likefunny

Not before 10M, if that.

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Never.
Only consider hiring tax expert at some point if you have complexities where you think they might help reduce your tax burden.

smart

I got an advisor at about $10M nw. Before that did mutual funds with SP500 being the largest and bought a rental property when my first child went to college (he lives there and we rent 2 other rooms). Got the advisor to invest in some other tax advantaged investments (opportunity zone real estate) and to further diversify in private real estate investments. Additionally advisor has put in place some option structures to protect against a large fall in the market. Some of this I might have been able to figure out myself but some of it I needed help to do.

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Value add from an advisor either comes from lack of time or complexity. Many times it's both

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Advisor is worth it more for if you have LLCs, are an accredited investor, own property etc.. if you’ve just got a brokerage / retirement account then not worth it

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