A Financial Advisor Meeting an “Under-educated” Client:
Getting tricked by the Wrong Financial Advisor:
If one is to work 40+ years to earn a living, it’s critically important to spend just 4 minutes a day learning how to save, allocate, & invest your hard earned money!
Not to say that ALL financial advisors are like this, but keep in mind the driving motivations of your advisor before making any decisions. Educate yourself!
In my younger years, I was open to many different sources for information – from Investors Business Daily (IBD), to MSN Moneycentral, to Fool.com discussion forums, as well as paying for select newsletter subscriptions.
From personal experience, I haven’t seen paid newsletter subscriptions being worthwhile in terms of performance compared to just putting one’s funds into a passive index fund. So, this begs the question – how does “free” stock market info / guidance compare? Is there perhaps an independent study of how their stock recommendations perform over the long terms?
I happened to find this article this weekend – and it answers the question quite well, complete with raw reference data. Enjoy!