Published On Dec 23, 2019
Hey everyone In this video I talk about financial advisors and expose the truth about how they really make money and how it affects your investment portfolio.
I give you guys a breakdown of the 2% and 20% rules that financial advisors use to manage your money. They essentially invest generically in the stock market, get a 6% return, and keep 2% OF THE ENTIRE PORTFOLIO to themselves.
This means two things. One is that they will significantly lower your portfolio's worth over time. A 2% fee can cost you hundreds of thousands of dollars over 30 years.
The second thing is that the advisors might be sales oriented. Because they care more about assets under management than actual return on investment.
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