Investment Adviser: “I have to tell you that we go with these 6 big firms the most often when recommending mutual funds, because they are large, time-tested and stable. I also have to tell you that these companies give a small amount of money to our investment firm. The government demands that we be transparent about that.”
Me: “Why are they allowed to give you money?”
Investment Adviser: “I don’t know. No one has ever asked me that before.”
2 comments ↓
Nuked again.
Three words of advice: Vanguard Index Fund
You’re likely to make just as much — or more — money as you will with an actively managed fund, with none of the exorbitant fees. Check into it, seriously.
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