What would you with $20K?

[lastsamurai]

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very true eastbay, financial advisors are for the dumb and lazy

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On the flip side, people like Suze Ormon seem to have made an entire (probably lucrative) career out of telling people to pay their highest interest loans first and to take advantage of their employer's 401k. So not to detract from Dan's idea too much... advisors may be for the stupid but that's a big market.

eastbay

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I have to disagree with you. I know there are a few bright people on this site but one broker cant follow all 50,000 different mutual funds and stocks out there...if you work with a broker atleast you get a second opinion. Most of the Big ticket clients have 5-6 brokers nation wide...its their form of diversification... Do you think a doctor or a lawyer has the time to sit in front of his computer and analyze stocks all day? If your broker/cfp has a good track record why try to reinvent the wheel...look what happened to those investors who thought they didnt need a broker...opened up an account with etrade in 1999...saw JDSU triple in 3 months only to see it go below 10. If you have the discipline to screen your stocks and pick winners..more power to you...