Be very wary of most financial advisors

Jun 4

Quotes from this episode:
“There are so many untruths spread by folks on the radio; the market timers, the guys who believe you can pick the right stocks at the right time; the day traders, the ones who claim they have a magical system to get you in and out of stocks, minute by minute, where you can just become ridiculously wealthy.” — [0:08:23]

“Ninety-nine per cent of the investment advisors in America are not always required to do what’s right for you 100% of the time. That is a sad commentary on this country.” — [0:29:02]

“Only a fool would believe the future is predictable.” — [0:30:19]

Key Points From This Episode:

Why you have to avoid annualizing the market over small periods of time.

The ridiculous money shows that encourage you to invest dangerously.

Valuable advice for college grads; from compound interest and taxes to getting a Roth IRA.

Keeping in mind that it’s impossible to make a lot of money without taking risk.

What to look out for when choosing a firm and advisor to invest with.

Interviewing advisors, the form they need to fill out and what you can expect to pay.

Episode Links:

Vestory — https://vestory.com/

Merriman — https://www.merriman.com/

Dave Ramsey — https://www.daveramsey.com/