So often, I hear people recommend to others here and in other forums, “you should hire a fiduciary” to manage your money. In fact, the tagline of one of these national fiduciaries is, “we do better when you do better”. You hear it on TV and the radio all the time. What they FAIL TO TELL you is, “WE still do well, even when we do absolutely shitty FOR YOU, our client.” What I mean is that they are taking their fee, regardless of performance. So, duh, if the market goes up, they still take their % which will be a higher sum because the market is up. However, when they lose you 30% or 40%, due to horrible stop-losses or other algorithmic trades, they still take their same % off the top.
If you truly don’t know what you are doing with stocks, then read a few articles or ChatGPT / Google sources about low-expense index funds like VOO, VT, VTI, VGT, VUG, VOOG or SCHD. Then invest your money in some combination of these. You are far more likely to beat any return that a “fiduciary” will return for you.