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Old 12-30-2016, 07:47 PM   #13
pseudoreality
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I'm not trying to beat any market. Meeting the index works just fine for me. I disagree about the fees not being hidden. I've sat down with many financial advisors and all they do is go through a planning checklist prior to pushing high fee mutual funds based on your level of risk. The MER's are in the fine print, but not one has specifically pointed it out to me or told me how much he or she gets out of selling me that product.

I guess for me, I don't like the model of financial planners getting compensated based off of pushing high fee/low performing mutual funds. That would kind of be like if doctors were compensated based on a percentage of the price of a brand name drug when there are cheaper generics or non-drug treatments that would be more effective for the patients. I think professionals should get paid for the service they provide and not kickbacks.
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