The Biggest Lie Financial Advisors Tell You

Описание: #CharlieMunger#FinancialAdvisors#InvestingLies
The biggest deception financial advisors use to drain your wealth, exposed after more than seven decades of my investing experience.
⚠️ ALERT: If you're handing over a one-percent management fee every year, this video may irritate you. You’ve probably sacrificed hundreds of thousands of dollars without realizing it.
What you’ll learn in this breakdown:
• The precise fiction advisors repeat to justify draining fees from your portfolio
• How a seemingly tiny one-percent annual fee quietly erodes roughly four-hundred-thousand dollars over three decades
• Why I dismissed my broker back in the nineteen-sixties and never hired another adviser again
• The actual incentive system on Wall Street (and why it runs completely counter to your interests)
• Why everyday investors who manage their own accounts outperform paid advisors nearly ninety percent of the time
• My clear decision rule: when professional guidance is truly needed—and when it’s a waste
• The four most common myths advisers use to rationalize their fees
• The story of my physician friend who unknowingly paid two-point-three percent per year for two decades
• How to break up with your adviser and control your finances with a simple, repeatable plan
• Why broad index funds outperform nearly ninety percent of active managers once fees are included
Actual figures from my own life:
• Paid a broker about seven-thousand dollars in commissions during the nineteen-sixties → portfolio barely moved
• Managed my investments personally for six decades → ended up a billionaire
• My friend's adviser drained roughly four-hundred-thousand dollars from him over twenty years
• During the two-thousand-eight meltdown, advisers urged clients to sell at the absolute bottom → financial carnage
For hardworking professionals earning between seventy-five-thousand and five-hundred-thousand annually who are losing one to two percent every year to advisers and wondering why their net worth refuses to accelerate.

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