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This Web site contains a compilation of more than a thousand consumer finance  columns written by Tony Novak from the 1980s through 2006, updated and reformatted for maximum usefulness today.  New material was added after 2010.

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Financial advice for generation X

originally posted: 11/22/2006  reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date. If you notice an error or are in doubt, please send a new question by email or ask for an update. Email

Q: I am 27 years old and have a small investment account. Am I ready for a financial adviser?

A: Seventy percent of all people with investable assets, regardless of the amount of their investments, use a financial adviser at least some of the time. The percentage appears to be even higher for "generation Xers" who are on the fast track toward financial success. So clearly the answer is yes, but make sure that you use a fee only adviser. Most young people wind up gravitating toward one of the more widely advertised financial firms that are commission-based.


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