Experts
Why is it so important to educate yourself on financial matters from independent sources?
Why is it so important to educate yourself on financial matters from independent sources?
Most people who “help” you usually have a conflict of interest with the information they are sharing. The local life insurance agent makes his money through commissions, trailer fees, bonuses, etc. and so, he ends up recommending high cost annuities and whole life policies because they make him the most money. Good for him, not for you!
The local fee-based financial advisor gets his money through loads, commissions, trailer fees, kickbacks, bonuses, etc. and so, they also must be avoided as they “recommend” the best funds for your needs. The conflicts of interest hurt the average investor as the advisor ends up working for the people who pay him “behind the scenes.”
The third group is a hodge podge of charlatans, clowns who have strong opinions, and others who spout off with little to no evidence to support their positions. This means shutting off the television in most cases and not listening to Fred in the break room or Uncle Joe at the dinner table. You must look elsewhere when learning about the world of money.
The key is in finding those independent experts who truly know what they are talking about and are not earning money outside of what you pay them. Here are some of those experts: Jane Bryant Quinn, Eric Tyson, Jason Zweig and Jonathan Clements when it comes to the world of money.
When learning about the world of investing, go here: John Bogle, William Bernstein, Burton Malkiel, Charles Ellis, Larry Swedroe, Rick Ferri, David Swensen, and a guy by the name of Warren Buffett. Wisdom will follow as you start to see the truth amongst the noise and outright lies. The path is clear. Identify it and get on it as you take action with what you learn. Financial freedom to follow!