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"The average person can learn enough over a period of time to manage their own investments as well or better than most advisors. But the biggest advantage a person can have over an advisor is that you can choose to make investments that have a minimal cost while an advisor, by definition, must make money beyond your otherwise possible low investment costs. And although there are certainly some conscientious advisors out there, since it's not his/her money that is being spend or invested, s/he isn't necessarily going to be as careful or cost-conscious as you might be."
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I thought this was worthy of highlight:
"The average person can learn enough over a period of time to manage their own investments as well or better than most advisors. But the biggest advantage a person can have over an advisor is that you can choose to make investments that have a minimal cost while an advisor, by definition, must make money beyond your otherwise possible low investment costs. And although there are certainly some conscientious advisors out there, since it's not his/her money that is being spend or invested, s/he isn't necessarily going to be as careful or cost-conscious as you might be."