Quote: &quot;That said, both Pollack and Olen say a good, reasonably priced financial adviser can sometimes be helpful — especially when life gets too complicated to fit on an index card.&quot;<p>But the long-running WSJ dartboard contest proved repeatedly that financial advisers cost more than their advice&#x27;s value. Maybe that fact should be on the metaphorical index card.<p>Here&#x27;s my index card:<p>1. Don&#x27;t borrow money.<p>2. Don&#x27;t be in debt to anyone for anything.<p>3. Learn about compound interest, then either burn your credit cards or learn how to use them.<p>4. Invest only in no-fee or small-fee market index funds -- in the long term they outperform the majority of fee-based mutual funds.<p>5. Never engage the services of a financial adviser.<p>More here: <a href="http:&#x2F;&#x2F;arachnoid.com&#x2F;equities_myths&#x2F;index.html" rel="nofollow">http:&#x2F;&#x2F;arachnoid.com&#x2F;equities_myths&#x2F;index.html</a>