Financial Products You Don't Need

Do you need complex products in your portfolio? Not if you want to make money! Tom and Don talk about some of the worst things you can place in your portfolio. In fact, Wells Fargo was fined for selling complex, expensive inverse funds (funds that bet on markets falling).

We also talk about financial advice providers to avoid.

Then we look at an incredibly bad 3X inverse fund that has down down an average of 44% per year, turning $1,000 into a bit more than a buck.

Finally, a caller asks if his adult child should invest in Vanguard’s Total World Index.