How Investor Advisers Stumble

Investment advisers often show sheer stupidity that goes far beyond investment risk, when they boast of their advantages on behalf of clients,

Because no one  with a modicum of investment intelligence should have to rely on an investment adviser.

                       

Example: Paying 11⁄2 to 2% or more of your assets as a minimum charge to investment advisers can represent as much as 15%, 20% and much more of your annual investment income.

                       

That’s outright foolish; you will be receiving little practical advice in return. Unless you have never heard of un-managed, indexed mutual funds or ETFS, what sense does it make losing that much of your investment income every year? (See the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)