Quote Originally Posted by cato View Post
Your quibble with Jeffrey is that he assumed returns would be the same, and you counter by assuming that returns would be greater with the advice of a paid financial advisor.

The problem, of course, is that you have no way of knowing whether returns will be higher with paid financial advice.
I didn’t assume that. I was just trying to say what you’re saying. You can make any example you want. I certainly don’t believe an advisor that charged 3% would yield an improved return of exactly 3% points. Just saying that’s a different scenario with a totally different result than Jeffrey’s example. My quibble with Jeffrey is he said that whole 1-2M amount was fees and it isn’t.