Anyone else subscribe to the "Lazy Portfolio" strategy? in Footballguys Free For All Posted April 19, 2011 · Edited April 19, 2011 by radballs My point is, it doesn't take 'just a couple hours a year' to balance your portfolio. After you have done hours, days, maybe weeks of research on managing portfolio's, and you have developed your own system, it may not take long. But how much time does it take to reach that point? You all try to make it sound easy, but it's not. I personally think that someone who is certified to invest, has gone to school for it, and does it for a living EVERY DAY, will do a better job then an individual researching it for themself.Also, even if you save $ on fees, what if the fund is a poor performer. A higher fee fund that performs better then a lower fee fund could turn out better in the long run. I think people just get fixated on that fee, and think the rest doesn't matter?I disagree. The fee is very important over the long run. Also, very, very few active mutual fund managers outperform the market as a whole. I think you save yourself a whole lot of money by investing yourself.Many financial advisors make money by churning your money or their fund portfolio. They aren't incentivized by making you more money, only by turning your money over as often as possible. This costs you money. However, if you really are either intimidated or have no interest in doing it yourself and you want a financial advisor, you should make sure that they work off of a flat rate or percentage of your assets (like 1%) instead of a trading commission-based system.