If you want to improve the odds that the mutual fund or stock your broker or advisor suggestions by 16%, ask if he or she owns them as well.
A study shows an advisor will make personal choices more carefully than what they advise for their clients. Their motivation to "sell" you an investment likely includes a commission fee for their own pockets.
Does the cook eat his own food?
'til later
Bargain Barb
- Bargain Barb
- Naperville, Illinois
- Greetings! I have years, no decades, of financial experiences to share. I have a passion for education. I am a control freak in that I need to know where my $ goes. I continually ask myself do we need that, what risks are we taking with that investment, how/when can we get at our $, and just how much does Uncle Sam demand of our every earned $. Stay tuned to my life choices now and my references to life choices/experiences from my past.
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