2FD 023: Unshakeable Book Study Part 3

When was the last time you looked at the costs your financial advisor or mutual funds are charging you?

Many times as Jack Bogle says “Investors are taking 100% of the risk for 33% of the return.” Don’t let your retirement suffer because you’re not getting the best rates at the lowest cost for your investments.

Tony Robbins explains to us how your employer has a legal obligation to act in your best interest for the retirement account they provide you. CHA-CHING!

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2FD 023: Unshakeable Book Study Part 3
Sean Merron

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Discussion Points

Leaving college without debt.
The hidden fees and half truths with financial advisors.
People just want freedom.
71% of Americans believe they pay no fees with their 401K.
Picking stocks is a losers game.
Too many options: There are 9,500 mutual funds in America, twice the number of publicly traded companies.
Your biggest investment expense: taxes.
The average turnover rate for a mutual fund is 85%. Many are over 100%, holding all stocks < 1 year.
Expense ratios on top of management fees.
“You’re not going to beat the market” -Ray Dalio
Why it’s important to dig into the prospectus for your retirement accounts.
Finding equivalents to index funds in your employer retirement account.
Most retirement account providers for small businesses are insurance companies.
Your employer is legally responsible to act in your best interest when choosing a retirement plan.
The expense markups for funds in your employer retirement accounts.

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2FD 022: Unshakeable Book Study Part 2

Sean Merron April 19, 2017

Are you scared of the stock market? Some of us need facts, math and history examples to build confidence in making decisions and Tony Robbins provides us that with his […]