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How to EASILY Outperform Financial Advisors
Manage episode 416048235 series 3460431
It’s easy to outperform financial advisors.
Why?
Conventional wisdom is they underperform because of fees, but there is a bigger reason.
They don’t even try to outperform. They try for: “Reasonable return with less risk”.
Financial advisors are mainly salespeople, not financial planners.
They are more likely to lose a client because of a 30% 1-year market decline than 10 years of lagging the index. So, they focus on market fluctuations, not your life goals.
This makes them do the “4 performance drags” that typically reduce their returns by at least 3%/year, which is more than their fees.
In my latest podcast episode (under 4 minutes!), you’ll learn the four performance drags and how to get the maximum reliable long-term return.
You’ll also discover exactly how to EASILY outperform financial advisors.
100 episodes
Manage episode 416048235 series 3460431
It’s easy to outperform financial advisors.
Why?
Conventional wisdom is they underperform because of fees, but there is a bigger reason.
They don’t even try to outperform. They try for: “Reasonable return with less risk”.
Financial advisors are mainly salespeople, not financial planners.
They are more likely to lose a client because of a 30% 1-year market decline than 10 years of lagging the index. So, they focus on market fluctuations, not your life goals.
This makes them do the “4 performance drags” that typically reduce their returns by at least 3%/year, which is more than their fees.
In my latest podcast episode (under 4 minutes!), you’ll learn the four performance drags and how to get the maximum reliable long-term return.
You’ll also discover exactly how to EASILY outperform financial advisors.
100 episodes
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