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148,064 Views ⢠Aug 24, 2021 ⢠Click to toggle off description
Timecodes
0:00 - Intro
0:30 - 01 | Most Financial Advisors Can't Beat the Market
1:53 - 02 | You Pay Even When Financial Advisors Lose Money
3:01 - 03 | Investing in Low Cost Index Funds Will Make You More Money
4:45 - 04 | No One Cares More About Your Money Than You
5:54 - 05 | You Can Learn to Manage Your Own Money
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Views : 148,064
Genre: Education
Date of upload: Aug 24, 2021 ^^
Rating : 4.825 (339/7,413 LTDR)
RYD date created : 2022-01-22T04:33:55.331405Z
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YouTube Comments - 392 Comments
Top Comments of this video!! :3
I totally agree. I used a financial advisor for about a year after I retired. However, I also started reading a lot of financial books and magazines on stocks, mutual funds, ETFâs and bonds and listen every morning while walking to stations like CNBC, Fox Business, and Bloomberg. I discovered that I could do as good or better than my advisor while saving a lot of money in fees. Iâve been doing it for about 7 years now and things are going good no regrets!
60 |
I used an advisor many years ago. I dismantled what they set up, did my own research and did ready better myself
16 |
For your shared ideas, what do you think will be the next APPL in terms of growth, considering the current unpredictable market volatility?
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Financial advisors come and go. At least, that's what I learned over the years. And along the way, I've wondered why I ever used one, especially, after I put the bulk of my investments into index funds with Vanguard. Why did I ever think I needed an advisor? Now, I'm 80 years old - not extremely rich - but have done okay. So, Tae, have you made any videos for us older folks who are mainly focused on preserving what we have?
38 |
Three items are missed. 1. Many financial advisors invest your money into mutual funds that have a sales charge adding to oneâs costs. 2. Then when they complete the diversification of investment funds they rarely touch the array of investments, it remains the same under all market conditions. So you keep paying a fee all the time for a one time selection. 3. The expense ratios on these investments are usually higher than index funds.
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I agree. I definitely don't need a financial advisor. I do better by myself.
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This is one of my favorite financial channels on YouTube. I've spent several years in financial services and Tae does a wonderful job explaining how personal finance works
47 |
Thank you for this!
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Tae I have only seen 2 of your videos so far and I find them excellent! Very good content that is presented very simply/clearly with no drama/flash. Keep up the great work!!
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Amen... Thank you for sharing your knowledge!
6 |
Thanks for letting us know this. I love that. I wish you all the best of luck.
2 |
Thank you for this advice! đ
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One thing I look for in investments is tax efficiency, yet when I ask financial advisors specific questions about taxation they always tell me that they aren't authorized to vend tax advice and I'll have to ask a CPA. So why pay the financial advisor?
26 |
Great info. Thanks for posting
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Thank you for making the video. You're so much appreciated.
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Investing in low cost ETFs is a good way to idiot proof personal investing, but you are off on several points.
1. Most advisors arenât trying to beat the S&P500. Itâs mathematically impossible to beat the market if you own any bonds or cash. You are paying financial advisors for advice.
2. No financial advisor would charge 1% on $100million. You pay them for advice not to always be up even when the market is down.
3. Most financial advisors invest their clientâs cash in low cost ETFs. The fee financial advisors charge is for advice not to pick stocks.
4. Financial advisors have a legal obligation to be a fiduciary. Theyâre also human beings and donât want to lose money or rip people off.
5. Most people donât have the time or desire to try to become hedge fund managers. Reading a few books will not make you an expert.
Iâm not disagreeing with your points, but thereâs more going on than what youâre describing.
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need more teachers like you who tell the truth.. keep it up good sir!
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Thankyou so much for all your advice and for sharing your knowledge. I'm going to read those books. I just subscribed. Thanks again.
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Great video Tae. I learned way back in the 80s about financial advisors. I visited one and ended up with a horrible mutual fund, with an 8.5% front-end load. After that, I started investing on my own and have done well ever since. Learning to invest can be a very valuable life skill.
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@TheJackCain-84
1 week ago
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
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