Why You Need To Fire Your Financial Advisor (And What To Do Instead)
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Top Comments (10)
I legit wasted years listening to bad advice from people who didn’t even follow their own tips. Once I started learning on my own and reading stuff like The Hidden Truths Of Wealth by Oliver Mercer, everything changed. Sometimes you gotta be your own advisor. Good Video
thank you random guy on youtube
Join Market Briefs for FREE and get my daily financial newsletter: https://briefs.finance/abdc92 WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS! There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!
Teach yourself about financial education by taking good notes and become your own financial advisor instead. That is what I have done.
Financial Advisors are supposed to act as a fiduciary. If they really did act as a fiduciary, they would resign after showing their clients how to get the best return on their investments.
A good advisor is one who can ensure their client sticks to their financial plan and succeeds. Fee based is the way to go. Your advisor's income only grows as your portfolio grows. When your portfolio goes through a perfectly normal 25% downturn once every 4-5 years, your advisor's income also drops by 25% for the time being. All in all, fee based is the closest thing to a perfect "best interest" arrangement you'll ever find and by law I think, all financial advisors who are fee based act as a fiduciary, and most never needed a "law" to make sure they acted in their client's best interest.
Save your mony. There is enough information on the internet to do it yourself. I'll never pay a financial advisor again.
I learned this the hard way. After many years of trusting the financial advisors at the commercial banks, it took me a while to realize I was going nowhere fast. The day I took control of my own money was the best decisions I ever made. Sorry to say most of them are there to make money with your money for themselves. There may be honest , capable ones out there but they are far and few between!
Financial advisors were so good at their job they wouldn't need your money.
Difference between a financial planner and a financial adviser. Get a CPF
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Top Comments (10)
I legit wasted years listening to bad advice from people who didn’t even follow their own tips. Once I started learning on my own and reading stuff like The Hidden Truths Of Wealth by Oliver Mercer, everything changed. Sometimes you gotta be your own advisor. Good Video
thank you random guy on youtube
Join Market Briefs for FREE and get my daily financial newsletter: https://briefs.finance/abdc92 WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS! There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!
Teach yourself about financial education by taking good notes and become your own financial advisor instead. That is what I have done.
Financial Advisors are supposed to act as a fiduciary. If they really did act as a fiduciary, they would resign after showing their clients how to get the best return on their investments.
A good advisor is one who can ensure their client sticks to their financial plan and succeeds. Fee based is the way to go. Your advisor's income only grows as your portfolio grows. When your portfolio goes through a perfectly normal 25% downturn once every 4-5 years, your advisor's income also drops by 25% for the time being. All in all, fee based is the closest thing to a perfect "best interest" arrangement you'll ever find and by law I think, all financial advisors who are fee based act as a fiduciary, and most never needed a "law" to make sure they acted in their client's best interest.
Save your mony. There is enough information on the internet to do it yourself. I'll never pay a financial advisor again.
I learned this the hard way. After many years of trusting the financial advisors at the commercial banks, it took me a while to realize I was going nowhere fast. The day I took control of my own money was the best decisions I ever made. Sorry to say most of them are there to make money with your money for themselves. There may be honest , capable ones out there but they are far and few between!
Financial advisors were so good at their job they wouldn't need your money.
Difference between a financial planner and a financial adviser. Get a CPF