I’m going to give you two suggestions for selecting an RIA. I want to make it really easy for you.
Investing and financial planning are not complex. If we want to impact the next generation, we need to give them a plan that’s easy to understand and simple to implement.
There is a “tissue of lies” perpetuated by much of the securities industry that could keep you from reaching your retirement goals.
If you’re using a broker or advisor who claims the ability to “beat the market” by stock picking, market timing or selecting active mutual fund managers likely to outperform, it’s likely this advice will generate “negative alpha.”
The study found weak price competition among actively managed funds and high profit margins, with an average profit of 36%. Clearly, the business of actively managed funds is great – for the fund managers.
I love Apple. I am typing this blog on an iMac. But I don’t own shares of Apple stock, other than what’s in my mutual funds.