Picking an Expensive Securities Adviser?

                  

I do not recommend securities advisers because of their cost, that greatly detracts from investment performance over the years.

                       

Example: When advisers take 1 1/2% of your assets as a fee and you earn 5% on those assets each year, figure the enormous cost yourself. On each $10,000 you have earned $500 and you pay your adviser $150. That’s a big 30% cut of your earnings each and every year. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)