Any recommendations for financial advisors who get the idea of FIRE? Hey guys, basically I'm looking for a financial advisor who can help me make some decisions about...
fire_in_ldn replied:
I don't think financial advisers are compatible with FIRE tbh. They either charge for the advice, or are incentivised by commissions for products that aren't necessarily best for you. The ideas behind FIRE are generally to keep it simple in terms of structure and allocation of your investments so most people who are financially literate can handle it themselves. Is there any aspects in particular you are struggling with?
elementz_m replied:
Most IFAs will give you an initial meeting for free, to see whether your aims are in line with the kind of advice they can give. Check out www.unbiased.co.uk and book a couple of meetings.
The-Losers-Manifesto replied:
I'm surprised nobody else has mentioned it, but you're looking to invest c. 10% of your gross salary. That's not nearly enough for FI, it will barely cover a bare bones conventional retirement at state pension age. That's not to chide, but to point out you can't afford to pay someone else to manage your money!
The-Losers-Manifesto replied:
I'm surprised nobody else has mentioned it, but you're looking to invest c. 10% of your gross salary. That's not nearly enough for FI, it will barely cover a bare bones conventional retirement at state pension age. That's not to chide, but to point out you can't afford to pay someone else to manage your money!