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Anyone of you here based in NYC?
Deloitte FSI represent
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Anyone of you here based in NYC?
Deloitte FSI represent
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A lot of people just don't want to hassle with it. A lot of my friends and family fit this bill. They're in non-finance fields (healthcare, marketing, law) and don't feel comfortable managing their own investments. They're willing to pay a premium for peace of mind, and while I'm not, I don't fault them for it.
Pro
That makes sense. I suppose peace of mind is definitely worth something, especially if investing feels intimidating.
Conversation Starter
I think it’s easy for us to say this because we’re familiar with finances through work experience and/or formal education. People look to outsource to people who have more professional experience than them.
Pro
That's a great perspective. It's a reminder that what feels simple to us can feel overwhelming to others. Outsourcing to someone experienced just removes that burden.
I could manage my own investments but I would rather pay the 1% to never think about my retirement accounts. I’d rather set it and forget it. I check in yearly with them but that’s it. For my after tax accounts I do manage them and focus on index funds and some alternative investments