Why not just use a Roboadvisor like Betterment, Vanguard, Wealthfront, etc?
I guess you could say because that guy knows how to beat the market. But seriously, what are you basing that on? If you've never actually let him manage your money, how do you know he's that good? Anyone can give you a folder with fancy charts showing you what they invested in and how they got awesome returns retrospectively. How do you know whether it's the real story?
Are you looking at the statements of your family member? What securities is this guy actually buying? What's his "secret sauce" that makes him so good?
I guess you could say because that guy knows how to beat the market. But seriously, what are you basing that on? If you've never actually let him manage your money, how do you know he's that good? Anyone can give you a folder with fancy charts showing you what they invested in and how they got awesome returns retrospectively. How do you know whether it's the real story?
Are you looking at the statements of your family member? What securities is this guy actually buying? What's his "secret sauce" that makes him so good?
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