22 Financial Advice Column: Woman with money but no brains, hires Woman Financial Advisor (WFA) to manager her money. Gets taken to the cleaners with fees, no actual advice. Columnist's response: Financial Advisors are good peoples, they dindu nuffin wrong. Get guud! (archive.ph) posted 1 year ago by GeneralBoobs 1 year ago by GeneralBoobs +24 / -2 9 comments share 9 comments share save hide report block hide replies
Most financial advisors in my experience are some of the least knowledgeable about finance people around. 1.5%/yr in fees? For what?
Most people just need to throw their money in total market ETFs. Done. There's nothing complicated about investing at all.
Yeah but if you invest yourself you can't verbally masturbate to everyone else about how you are so progressive you let a black woman manage your money.
They don't care about the returns they care about being able to be the biggest virtue signaler.
yup, until the first cheque bounces.