Mutual funds and financial advisors easily siphon off half of your nestegg in fees and taxes over 10 years. Wall Street and the media have a vested interest in keeping these facts from you. But wealthy families and elite institutions invest don't pay the fees you do. They use a simple strategy called asset allocation with index funds and ETFs. On www.marketriders.com, use free software tools and invest like they do. Its simple to learn how to invest without brokers and advisors with less risk and better returns in just a few hours a year. Anyone can do it.
many people compare investing to gambling, I don't think gambling when I invest my money! investing is some thing you or I do to make money. and gambling is just for fun, if your walking into a casino and putting your money down on the roulette table, thinking I'm making an investment you need help.
happyseniors2000 1 year ago
wow man halfway through this video i had a headache from all the whistling
scottataylorfresno 1 year ago
Buffett is not a technical trader, he is a value investor , following the footsteps of Ben Graham. It's more likely that Buffett can be viewed as a guy who takes over young companies and is an extremely competent board member....
asimonia 2 years ago
I think he is exaggerating to make a point: paying someone fees to make guesses in a market that is highly efficient is ludicrous. Most people don't have a clue what how to invest anyway so they hire someone who they HOPE will do the job right.
asimonia 2 years ago
so, advisors lose 8% more than an index?
to compare advisors to a casino is laughable.
good advisors rely on referrals as a main part of growing their business, why would an advisor have fees built in that cost the client too much.
by the way, the big firms (goldman/morgan etc have large buildings because they know how to invest and do not let emotion get in the way the way the general public does)
gr8play07 2 years ago
is this another scam? and do they have a school for this?
Chedat03 2 years ago
then he seems to like to get her out of the funds that he puts her into, getting her to then buy back into them at a much larger amout. for example the fund went down to 20 dollars a shart, and he had her buy back into it at amost 50 dollars a share! Thank you for your time in reading this thanks for posting your very informative video.
roger5845 2 years ago
as a side note, this particular advisor likes to shuffel large amouts of paperwork in frond of you with all sorts of charts and numbers and kept her in the office for almost 2 hours, trying very hard to get her into the funds that he was pushing. last part follows:
roger5845 2 years ago
I am now very concerned about him "advising" my mother alone. She is somewhat elderly and is the type of person who trusts people expecting them to do what is in their best interest. He kept saying when I would bring up the 3% fee..."thats not true!!!" in a very loud voice, but then failed to explain what his true fees really are... God bless you in helping to spread the word on these people. "part 3 follows"...
roger5845 2 years ago
Thanks for your video. I went in with my Mother to see her investment advisor, and brought up some of the points that you made here, and he immediately went into defensive mode and kept giving me the "evil eye" trying to make it seem like he was on my moms "side" and that I was a fool...he even went on to interrupt me by saying "please be quiet". part 2 next:
roger5845 2 years ago