Why You Need To Fire Your Financial Advisor (And What To Do Instead)
Published: 2025-07-17
Status:
Available
|
Analyzed
Published: 2025-07-17
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The 'One Big Beautiful Bill Act,' signed by President Trump, introduces tax breaks and funding for deportations, effective retroactively from January 1, 2025.
"President Trump signed the One Big Beautiful Bill Act into law. This big bill will bring some big changes to our economy, starting with some big tax breaks to big funding for certain things like more deportations. And the reason why you want to pay attention to this bill is because it goes into effect retroactively. It goes into effect January 1, 2025."
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The choice of financial advisor can significantly impact an individual's net worth by hundreds of thousands of dollars.
"The right financial adviser can add hundreds of thousands of dollars to your net worth. The wrong financial advisor could cost you hundreds of thousands of dollars, if not more."
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A hypothetical financial advisor A achieves an 11% annual return, while advisor B achieves 10.25%.
"Financial adviser A is getting an average 11% return a year. Financial adviser B is getting an average 10.25% return a year, a little bit less."
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After 40 years of investing $1,000/month, advisor A (11% return, 1.5% fee) results in $4.6M, while advisor B (10.25% return, 0.5% fee) results in $4.9M, a $300K difference.
"With financial advisor A, you're going to end up with $4.6 million, which is a lot of money. But with financial advisor B, you're going to end up with $4.9 million. That's an extra $300,000 in your pocket just because you understood the fees better."
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The S&P 500 has historically averaged a 10-11% annual return over the past century.
"And what we've seen is that the S&P 500 has grown by between 10 to 11% a year on average for the last 100 years."
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The S&P 500 has historically returned an average of 10-11% per year over the past century.
"And we've seen is that the S&P 500 has grown by between 10 to 11% a year on average for the last 100 years."
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A financial advisor charging 0.5% in fees (Advisor B) will result in $300,000 more over 40 years compared to an advisor charging 1.5% (Advisor A), assuming $1,000 monthly investment and comparable returns.
"With financial advisor A, you're going to end up with $4.6 million... But with financial advisor B, you're going to end up with $4.9 million. That's an extra $300,000 in your pocket just because you understood the fees better."
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The speaker's firm publishes a weekly report on market shifts, indicating ongoing research into emerging opportunities.
"We publish it in a weekly report. That's something that I'm interested in."
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The 'One Big Beautiful Bill Act', signed into law by President Trump, includes tax breaks and funding for deportations, with a retroactive effective date of January 1, 2025.
"President Trump signed the One Big Beautiful Bill Act into law. This big bill will bring some big changes to our economy, starting with some big tax breaks to big funding for certain things like more deportations. And the reason why you want to pay attention to this bill is because it goes into effect retroactively. It goes into effect January 1, 2025."
Pending
The 'One Big Beautiful Bill Act' signed by President Trump is retroactive to January 1, 2025, and includes tax breaks and funding for deportations.
"President Trump signed the One Big Beautiful Bill Act into law... It goes into effect January 1, 2025."
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Choosing a financial advisor with 0.5% fees over one with 1.5% fees on $1,000 monthly investments could result in an additional $300,000 over 40 years due to lower costs.
"With financial advisor A, you're going to end up with $4.6 million... But with financial advisor B, you're going to end up with $4.9 million. That's an extra $300,000 in your pocket just because you understood the fees better."
Pending
The S&P 500 has historically averaged an annual growth rate of 10-11% over the past century.
"The S&P 500 has grown by between 10 to 11% a year on average for the last 100 years."
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