Well folks arguing investment strategy is like arguing politics or religion. Two recent Nobel winners in Economics argue opposite points of view. Eugene Fama is responsible for the efficient market model while Robert Shiller states that stock fluctuate more than can be explained by changes in dividends. so that it is now believed that high prices relative to earnings mean lowering earnings and of course the reverse so that a patient investor should be able to beat the market.
So people either believe a wealth management company can make them wealthy or they believe strongly in index funds. Pick your poison
But remember the devil is in the details so perhaps when you click on the investing website and see the bottom line total it may not be the entire story.
further you may have an investor who works fees only. However many so call fee only investors happen to have a brokerage license in their back pockets and are paid to sell certain products.
When it is all said in done like the meat cutter at the meat department in your grocery store the stock broker is taking home the prime cuts first and the rest is put on display counters for customers
Bon Appetit'
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