Retirement Funds
Out of context: Reply #3
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- vaxorcist0
NOTE: Most US retirement funds sold by any "financial advisor" who is on commission are loaded up with a LOT more commission than you think... most "financial advisors" are just "salesmen in expensive suits"... they are, to be honest, usually full of shit and high-end statistics...
Some advisors work on an HOURLY FEE, so their advice is impartial, they're not trying to sell you high-commission life insurance, high-commission mutual funds,etc....
The currency and tax situation you're up against may be more important than any particular fund or advisor can be able to tell you much about unless you get a SMART, internationally minded advisor who really understands Turkey and US.... and works NOT on commission, but an hourly fee....
There's an interesting book called "a random walk down wall street" where randomly picked stocks did better over time than the majority of those picked by "investment advisors"
My dad, the eternal sceptic towards financial "wizards" has come to belive strongly in low-expense index funds, like these:
http://www.bankrate.com/finance/…
http://articles.latimes.com/2010…
also, remember, "past performance is no guarantee or indication of future performance" ... i.e. even idiots get lucky, very, very, very few financial advisors do better than the average market index over time, often because their fees and trading expenses eat up their gains over time....