Quote:
Originally Posted by Topspinmo
The only ones making money is the advisers and firms the feed your money to. Check fee rate. They NEVER beat index market.  at least not for your pocket. News flash the advisers are NOT looking out for your interest. |
I agree. Most financial advisers push unsuspecting retail investors into front loaded and high fee funds that, over the long haul, do no better and usually worse than a low fee, no load index fund. I analyzed a friend's portfolio for him, and showed him where is friendly financial adviser had him invested in 10 funds, half of which had front loads, all had high fees compared to Vanguard index funds (or any Vanguard funds for that matter). The real kicker was that he was also paying this adviser $6,000 per year for "account management".