I Hired 3 Financial Advisors on Fiverr to Rate My Finances *shocking results*

[@humphrey]

Hey all! This was an experimental video where I wanted to bring a popular format I saw on KZbin (trying Fiverr) to finance KZbin / analysis, I hope you enjoy. If it’s this is a type of video you’re NOT into - let me know why in the comments. And vice versa, if you enjoyed it - please let me know by dropping a comment lol. Next two weeks’ videos after this are both very heavy Personal Finance focused! So if thats more your speed we'll be back to it next week.

[@Steve_Takes]

With adviser #3 He’s advising that if crypto grows beyond 10% of your portfolio, you should sell the excess to keep it at or below that level, ensuring balanced risk management.

[@allankeown1525]

m a bc a c aa W was a/

[@mstefa007]

Funny how investment advisor advises market timing via dollar cost averaging.

[@casualplayer8464]

We like it, honestly was very interesting thank you for the video 👍

[@richardlindsay8256]

How about trying the same thing with Boglelheads personal finance forum

[@RomanVarl]

Advisor 2 - you've paid 40$ to get a Google search result 😆

[@HD-mv2qh]

🤣😂🤣

[@delita1500]

100% lol!

[@shanep2760]

Easy money 😆

[@ryanu.4953]

Pure chatbot bot making someone money.

[@JaPoSkipper]

I just pick one of the questions you did to advisor 2, and tipe it on chatgpt. What a surprise... I got exactly the same answer.

[@yingkailee3768]

Second advisor is complete ChatGPT 😂

[@humphrey]

Yep lol

[@EspianCeej]

You should throw your questions into ChatGPT with the info you gave to them and see what it tells you lmao

[@FinancesOnBitcoin]

No frl though AI is a wonderful underutilized tool in 2024!

[@nicka.9057]

​@@FinancesOnBitcoinsure buddy. Bitcoin in name lol

[@mister_comeback]

Yep, should've asked Chatgpt the same question and compared. ChatGPT could be the 4th advisor. Ah, missed opportunity.

[@Jingles9071]

This was a fantastic idea for a video. Keep up the great content Humphrey.

[@humphrey]

Glad you enjoyed it!

[@alexsteven.m6414]

The most popular investment portfolio strategies include diversification, where you spread investments across different asset classes to manage risk. Another is the growth strategy, focused on capital appreciation through high-risk, high-reward assets. Income-oriented strategies target regular income from dividend stocks or bonds. Finally, there's the value strategy, seeking undervalued assets for potential long-term gains.

[@belobelonce35]

According to Warren Buffett, dividends are less valuable for growing businesses and more suitable for established ones. Investing in companies that offer dividends might be seen as parking capital for steady returns, especially for those relying on portfolio income. This approach resembles bond investing, serving as a means of generating consistent earnings.

[@Tanner-c2m]

If you lack market knowledge, your best bet is to seek advice or support from a consultant or investing coach. Contacting a consultant may sound simple, but it's how I've managed to stay afloat in the market and increase my portfolio to roughly 65% since January. It is, in my opinion, the best way to get started in the industry right now.

[@KatyaSantos-g4c]

Mind if I ask you to recommend this particular coach you using their service?

[@Tanner-c2m]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Rebecca Nassar Dunne” and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@KennedyVerbruggen]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@raymond-i2v]

Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.

[@Fred-w7t]

I'm overall outperforming a lot of assets by holding Bitcoin and a few other top crypto altcoins. When my percentage goes down it goes down about double that of the s&p100/500 but when it goes up it goes up like 5 times the S&P rate.

[@Millerj2450]

The only issue you might have is the fear of missing out, just like everyone else. A good number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 5years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but i'm financially secure.

[@Millerj2450]

‘Jessica Lee Horst’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@Theodore-l2j]

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

[@something5550]

Bot

[@Joe-jl1gp]

The second advisor was entirely chat gpt, the way it's formatted and written give it up.

[@Aubatron]

Funny enough, chat GPT has as good or better financial advice as a lot of financial advisors because it doesn’t have a conflict of interest like a lot of them do if they’re trying to direct you to some product they’re associated with.

[@usercc-t6u]

even chatgpt gives a better advice

[@meecheongkim3980]

Can I try this? I need a financial advisor to review my portfolio.

[@arh1234]

You might try the books "The Simple Path to Wealth" and "I Will Teach You To Be Rich" first. Then, perhaps, hire an hourly/project based fiduciary advisor to make a plan- expect to pay $2k-$5k

[@arh1234]

You might try the books "The simple path to wealth" and "I will teach you to be rich" first. Then, perhaps, hire a fiduciary hourly or project based advisor- plan to spend $2k-$5k.

[@Nicholas.Durante]

I agree, that's the more reason I prefer my day to day invt decisions being guided by a invt-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a invt-coach for over 2years+ and I've netted over 1.5million

[@Plemmonsscott]

No wonder the demand for investment advisors has shot up since the pandemic.

[@GreggVElrod]

@@Nicholas.Durante That's impressive! Would you be willing to share any tips or advice from your advisor?

[@chelseafc8126]

Second one made me angry. $40 and a scam.

[@brucej.coluccio3101]

That "nice cover page" is a MS Word Template 😂

[@eddievakk]

This is such an awesome video idea Humphrey! Haven't even watched it yet and I know it will be great

[@humphrey]

You're the best!

[@AmezAdvisors]

Please more videos like this! It can really show other advisors prospective in seeing the same numbers.

[@bobcantstandzyobitz9778]

My problem with financial advisors is that they have always assumed I'd know the answers to the questions about my future, like my future spending or when I want to retire. These things are unknown because we don't know what we'll desire or how life will change in the future. I even asked one "does anyone actually feel they know the answers to these questions?" My goal is to make as much as possible until I feel I have enough to retire: simple. I just want someone to run some numbers and give example scenarios. I don't know how many vacations I want to go on when I retire or if I want to move.

[@Fongtastic711]

I like this kind of video. Very informative!

[@YODAddyLIVE]

Another vlog I follow mentioned something very similar to this and I love that you shared it. In a way it's a great review of Fiverr but also a cautionary tale of you don't aways get what you pay for and sometimes you do.

[@samuelandrade5090]

Very good video idea you should definitely do a part 2!

[@Kevin-fn6rm]

You are quite literally changing my life with these videos, thank you

[@gage311]

This a great advertisement for fiver because I would not have thought to use them for something like this and now I'm contemplating looking there to get an idea if I'm working in the right direction. Love the content, thanks!

[@fedelercari]

Sick idea!! Please keep it up!!

[@Bigfella7799]

First thank you so much for your videos they helped me get out of debt and have 10k invested within 2 years

[@humphrey]

Lets go!!

[@ZackSeifMusic]

This was a nice video style to add variety to the channel man. Very entertaining for sure.

[@_BoomShakalaka_]

Respect for anonymizing the names and pictures of the advisors

[@KaylaAlexis.]

*Thank you😊 for this video, do you offer account management or have any recommendations?*

[@natina1957]

As a beginner investor, it's essential for you to have a guide. Myself I'm guided by Mrs Victoria K Walter, a widely known consultant

[@freddymiles681]

If you’re using a good manager, it’s easier to earn from the market

[@JessicaWilson7w]

That's true. a lot of people today have been having lots of disappointments in trading in light of helpless direction and awful consultants

[@RebeccaEmily-s8h]

I've been trying to trade but I keep making losses and it's frustrating

[@JeremiahParker-]

VICTORIA K WALTER is exceptionally good, i believe you should give her a try

[@GandalfSkywalker83]

I’m just at the introduction and I know this is gonna be awesome. What a creative take on this series.

[@MrYogidoo]

The first advisors assumption, that you would live to 80 is not too far off from the US average of 76 for men, but then again well educated people (such as a person who would ask such questions) live longer than most. So: "80 years" is not an unreasonable answer.

[@xaldath4265]

The stat is sort of misleading too. That's the average lifespan of every human, including those who die in infancy or otherwise young for unsual reasons. The average life expectancy for individuals already into puberty is significantly higher.

[@jimipet]

@@xaldath4265 Not significantly higher. For a 30 year old male life expectancy is actually 80 yo (compared to 78yo that its for infant males)

[@marshallmason1]

Such a cool idea! I like that you threw in some leveraged ETFs, which I am a fan if you know the risks and properly manage them, and #3 correctly assessed that they are not in line with your stated risk tolerance. I also like that they pointed out your fund overlap problem. Finally, I was surprised and impressed that they did not suggest an over-diversified portfolio, one of my pet peeves.

[@winniejourney0001]

This is so cool like I love how you compare they all with different price ranges. Keep up with making great video for us pls thank you.

[@Shabana-hv9ic]

Great video for anyone considering hiring a financial advisor online! Thank you for putting in the work for the rest of us.

[@humphrey]

My pleasure !

[@stevenchen2023]

Hey Humphrey, great video you made here! I was wondering if you could talk a little bit about one of the type of ETF’s you included in your portfolio, leveraged ETF’s. I’d be really interested in hearing your thoughts on holding leveraged ETF’s (such as SQQQ and UPRO) both short term and long term!

[@kaytee1617]

Good content. Looking forward to next week’s video. Thank you.

[@dylanjones8191]

I think that third advisor was straight on for value and the perfect level of advice for the scenario you concocted. The next level up of say $1000+ I’d want to start to see advice and structuring wealth with trusts and the like. But that is wholly unneeded for the complexity of the situation you provided to them. The lower level reviews I think you were asking too much for the price, all I’d want to see out of them for the value was pointing out the red flags.

[@soozempen814]

I scared the cats when that last advisor assumed a 6% raise every year and I laughed myself out my chair. My Fortune 500 company goes years without giving anyone raises of any kind - cost of living, merit or otherwise.

[@DERP0L0GY]

I think that’s a tough pill to swallow for a whole career, but no raises for years is also pretty dumb. In accounting a 6% year over year raise is definitely not unheard of. My last 3 have been 14%, 37%, and 8% all without changing companies. From 60k->101k

[@fgarrido1741]

Minimum cost of living raise Ive seen is 3%. Assuming you get promoted every 3 to 5 years early on, seems reasonable to assume 6% in raises through a 30 year career

[@mattcanterbury]

​@@fgarrido1741 Agreed. Our average since starting our careers is 8.9%. That's with staying with same companies for approx 12 years. Obviously front loaded and expectation is the longer you stay at the highest role, less each raise will be. So expecting not to see much more than 3% raise per year for the rest of career since we are both seniors in our fields now.

[@sarathereseart2298]

Such an awesome idea and fun video! Very interesting.

[@franklinvaldez3422]

Love this Humphrey

[@Zeee530]

Enjoyed every second of it, thanks

[@don951]

Very interesting. Love the content. Cheers!

[@stom3998]

This was an excellent video. I hope Fiverr is sponsoring it because, based on your review, I will likely use it to review my finances.

[@stom3998]

I sent my info and got the $285 service, which totaled out to $300. I didn't ask for the 1-3 page document, but I did give him an Excel document with my goals and some questions. I'm 40, and I have never sat with a financial advisor which is probably not smart on my end, but again, thanks for the video. It inspired me to get some advice.

[@thorntontst]

Amazing idea for a video! Would love to see more like it

[@casualplayer8464]

Great video , learned a lot 🙏

[@wealthadventures]

Ha! Really enjoyed this experiment. Great idea and interesting to see the feedback.

[@brandonfisher8311]

Although not always the case, for the most part you pay for what you get. Really enjoyed this video

[@chriss3625]

20 for a decent review is good info, I could use that 😊

[@MilaN-lt2mq]

That was very interesting. I am actually looking for a fee only financial advisor who can do retirement planning in addition to investments. I would appreciate a video on how to go about it. What questions to ask, what questions the advisor should ask. Etc.

[@dylanjones8191]

Yeah, seems hard. Everyone out there that is accessible is a salesmen or is more of an ongoing relationship based on %AUM. How do you find a $500 for an annual review type provider that is worth the money.

[@MrMikidude]

I think the first one was chatgpt too 😂 what are those stock recommendations vs ignoring the leverged ETF

[@JasonAmir-qo4uo]

I’ve been thinking about hiring a financial advisor to help with my investments and financial planning. Do you guys think it’s worth it?

[@John-ww2fv]

Absolutely. A good financial advisor can provide personalized advice, help you set realistic goals, and create a plan to achieve them.

[@EstherRoss-gm8qv]

they can offer insights on tax strategies, retirement planning, and investment diversification. It’s like having a financial coach.

[@JasonAmir-qo4uo]

That sounds great. But how do I find a trustworthy advisor?

[@OwenFlex]

It’s important to look for credentials like a CFA. For example, someone like Aaron Morgan Bell. CFAs have rigorous training and adhere to high ethical standards.

[@MichealMadu-vp7ll]

​I’ll definitely look into Aaron Morgan Bell. What should I expect in terms of costs?

[@alexanderalexander7404]

Since that you engaged these people and paid them to do a requested job for you, and did not reveal their business or personal identities I thought this was balanced, respectful and ethically fair. I also think that this comparison provides those seeking this kind of advice with a framework to start from.

[@Lefty1284]

Would you recommend Nectarine Fiduciary advisors or is Fiverr a better option? Nectarine charges a flat fee of $150 per hour.

[@SPR_NAPALM]

Once again, you get what you pay for holds true.

[@Agatha.wayne0]

My portfolio doesn’t just cater to dividend stocks. I hold $VFIAX (S&P 500 index fund) in my Roth IRA and $VTI (Total Stock Market ETF) in my taxable brokerage account. Two of my largest holdings. The individual dividend stock positions all complement the index holdings.

[@SarachiWowa]

The 5 percent fixed incomes are a safe bet. Save your cash for when the market actually shows sign of recovery or better still seek professional help.

[@Dave_East]

pls how can I reach this expert, I need someone to help me manage my portfolio

[@getinthespace7715]

Meh. I'm not convinced it's really worth it to reduce your risk profile if you actually pay attention to the market. If stuff is hitting the fan you can shift your investments and avoid major downturns. If you can make 20-30% returns over a few good years you've basically doubled your money and even if you lose 20-30% one year it doesn't matter. The upside outweighs the downside risk in my opinion. I understand the advice for most people though who have no idea what is going on.

[@simplehillbilly5852]

Great video you definitely get what you pay for

[@humphrey]

You got that right!

[@DavidPerez-yt]

Hi, what’s the best way to start looking into index funds? More of the sorts of funds that were involved in the first advisor like vanguard and the others??

[@tradingfundamentals]

It's wild to think about the implications this financial advice could have on your entire life (embellished life) after just a few hours of theorizing.

[@laziecatus7233]

Number 2 is literally written in chat gpt style oof. No offense but the person in charge should at least personify the dry raw respond chat gpt gave them

[@shockwave1126]

This would also be a nice experiment with dividend investor sample portfolio.

[@kingbennon3156]

who the hell gets a 6% payraise every year

[@johnnnnnnnn67]

Can you do a video explaining intrinsic value and other values in the same subject.

[@joycef8443]

Gosh, 9 or so years ago, we paid $200 an hour for 6 hrs or so of work to analyze our portfolios. Who knew you could get it nowadays for $40.00

[@GersderaNioer]

could help you put on her to grow your portfolio

[@LindaL.Fielder]

The average social security check is $1827 a month. The worst part is 22% of Americans have less than $5k saved for retirement. Start investing now! Nobody is coming to save you

[@Saviourtina-c4i]

I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?

[@KarenJ.Mancia]

I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?

[@Particamuwowo]

I'm in line with having an advisor oversee my day-to-day investing cos, my job doesn't permit me the time to analyze stocks myself. Thankfully, my portfolio has just 5X in barely 5 years, summing up nearly $1m after subsequent investments to date.

[@CharlesT.Foster]

bravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

[@Particamuwowo]

Stacy Lynn Staples has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.

[@Courtney-Alice-Gargani]

I like the comparison between them.

[@robertharrington2658]

Thanks for sharing, very informative 👍

[@humphrey]

My pleasure

[@cato451]

Image how good the advice would be for 1.5% of assets under management!

[@nathanedwards3858]

Love the look of the watch what are you wearing if you don’t mind sharing

[@ritwikism]

All of them were below my expectations for the price charged. I would pay $10 for the 1st one, $5 (or zero?) for the 2nd, and $100 maybe $150 max for the 3rd especially considering you skipped the call which is the true time sink (rest of it can be done by a young intern and simply be reviewed by the RIA)

[@soliarv]

Great video!

[@pablobon5957]

Thx for the idea about finding someone on fivr. I am a real estate investor and I will hire someone for some questions. Thx again

[@mkhatame86]

Great video. Do you do financial advising for people's portfolios?

[@humphrey]

i personally do not anymore!

[@mkhatame86]

@@humphrey Do you have good recommendations then?

[@VyseFIRE]

Hi Humphrey have a good day

[@humphrey]

thank you , you too!!

[@billcarrick4077]

This was a great video. I would like to try this because a RIA would charge me a whole lot more because of the size of my assets. I think getting a RIA for $285 is extremely inexpensive, especially with the amount of work he did, and due to his recommendations.

[@printedmarble6985]

The fact the second one doesn't go into any specifics and doesn't want to give exact numbers shows its AI lol

[@yourmanzach2307]

yikes i dont like 3x etf... like todays deep red

[@the_real_cookiez]

It's just all perspective lol. There's a million combinations on portfolio optimization based on your outline

[@phillips8366]

Wow, great idea. First guy was actually super high quality for the price. Sure, the gold and silver ETFs and stock recommendations were… questionable, but everything else was solid. Second one was a joke. She deserves a one star review. There was zero personalized info at all. It actually kinda pissed me off. Third guy was incredible, as expected for the price.

[@TheBajamin]

6% raise per year? Damn can he be my boss?

[@sonja8942]

Interesting challenge and result

[@ericlancaster2889]

How dare you! In Texas, we only eat brisket and breakfast tacos 🤠

[@jonathangamble]

More of this!

[@bananaman22]

I realized my financial advice is wrth more than 50 bucks now lols.

[@r.e.l.pestanas]

Hey Humphrey, were you gonna address your concerns (if any) regarding how poorly the market is doing? Any advice to give to your viewers?

[@Archer-hg9rw]

$40 or a chatgpt answer is crazy

[@girldaddividendinvestor]

Looks like some YT gurus portfolios.

[@JKweez]

5% in crypto? I bet you've been saying that since 2016... How much more money would you have if you'd gone 50% crypto like I have since 2014?

[@poplorms7895]

I would love to see what he thinks of your portfolio with telling him who you are.

[@trentme09]

"so right off the bat how dare him" 🤣

[@rene.s.s]

Anyone want to confirm or reject my idea of doing $50,000 worth of ROTH conversion for the next two years at 22% bracket because I’m afraid of that bracket reverting to 25% in 2026?

[@michellegreen1072]

Do a proforma tax return for the current and then if they revert (different rate plus personal exemption). And see which results in the lowest tax due amount.

[@bjarne431]

Should have included chatgpt as a forth adviser

[@Ironmaneditor77]

What’s your advice if the stock market crashes? Buy more or hold

[@codypratt3590]

The $40 one looks like it really is straight out of AI...

[@patrickshanghai2064]

interesting idea. well done.

[@xantiom]

250K student loan debt for a finance degree, CFA certificate, MBA... to end up working at Fiverr.

[@nancyj.9766]

You are great. I am considering Plan vision to review my portfolio? Any thouhgts?

[@iamzeman19082]

My friend if you had a diet of steak and potatoes you would live a long life !

[@SigFigNewton]

Pathetic for a supposed financial advisor to not point out to someone with a “moderate” risk tolerance that those triple leveraged etfs (and doge) are all very high risk.

[@jeremyreinhardt252]

the 3rd guy did point out the the volatility concerns of the leveraged funds and recommended selling them

[@SigFigNewton]

@@jeremyreinhardt252 makes me want to be a financial advisor since I could do better than a lot of these people. I’m assuming I’d need credentials tho

[@grisvolonte]

Very interesting!

[@UtavMc]

i think advisor 2 was great because they taught you not to waste money on fivver lol

[@kyleevanston]

I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Brooke Grace Miller.

[@ClarenceFerland]

She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

[@GrozaGroza-ko7fn]

The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.

[@masterotrunks]

I'm surprised that you just mentioned and recommended Brooke Miller, I met her at a conference in 2018 and we have been working together ever since.

[@BradlyLane]

I'm new at this, please how can I reach her?

[@sole27ore]

I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

[@icon134]

What's wrong with steak and potatoes.

[@aliabidi1327]

The first and second were just chat gpt 😂

[@joelw2023]

OMG the bot comments advertising financial advisors are horrible.

[@bribradt3450]

A diet full of steak and potatoes is actually good for you lol. Long as the potatoes arent deep fried