"The give us your money and don't ask questions" attitude is because they make a comission whether your funds or investments make money or not. They just want you to keep pouring your money in and keep giving them comissions no matter what your investments do. This is such and old school way of thinking.
You need to be making 4% on your mutual funds just to be breaking even. The first 4% gets paid to the bank or the company that sold you those mutual funds. If you make 3% a year then you are losing money. These guys get paid no matter what.
Does that seem fair to you?
I am telling you, Land and Real Estate is the way to go.
|