If there was one question you would like to ask a financial planner

Hi All

If there was one question you would like to ask a financial planner and get a straight answer, what would be your question?

Cheers

I'd only care for a straight answer if the FP had perfect knowledge (or at least knowledge that was significantly better than the market). A very misinformed, uneducated and inexperienced FP could give a straight answer but it'd still probably be terrible advice...



Though I guess a good one would be "how would you structure your investments for maximum return if you were in my situation..."

Mine would be a little different.

Assuming market average returns, how would you structure your investments to minimise or defer (for as long as possible) tax.

Why should I trust you with my money over any other financial planner?

AHAHAH - golden!

I'd ask them what they are personally invested in, and check it is consisitent with areas where I want to grow. Anyone actively involved in the market I'll be invested in will be better placed to (help me!) make decisions on my behalf, IMO.

In addition to the asset classes they are invested in, I would want to know what their net worth is.

There is a saying that rich folk drive their Rolls Royces into Wall Street to take advice from those that catch the subway.

No offence intended to any FP's on this board. I have a wonderful FP and whilst our path is not always aligned by way of strategy or asset mix, he is a great resource when I need him.

Lol, I would call them a liar...No one has perfect knowledge or knowledge "better" than the market, A Random Walk Down Wall Street is a great book to read.

Great comments from all!!!

Cheers,

Dan

I've bought but haven't read it, but I also believe that some people "make" the market. I think people overrate the collective conscience of the market, the irrationality and ignorance market is fundamental for bubbles to even occur.

Very good book to read...