Go offline with the Player FM app!
Fire Your Financial Advisor Before This Happens – Fees, Commissions, and Hidden Traps
Manage episode 492831689 series 3512732
97% of hedge funds underperform the market over 15 years.
Most financial advisors don’t even invest in the products they sell you.
And yet — they still charge you 1–2% every year, whether or not they add value.
In this episode, we expose how the financial advice industry works — and why hedge fund managers, financial planners, and wealth management firms often win even when you lose.
We cover:
- The 2 and 20 fee model and why it’s rigged against ordinary investors
- What a financial advisor actually does — and doesn’t
- The difference between a financial advisor vs planner
- Why low-cost index funds routinely outperform expensive “expert” portfolios
- How commissions, model portfolios, and hidden incentives drive most recommendations
We finish by showing how Bitcoin offers an alternative: self-custody, no silent fees, no middlemen, and no need to “beat the market” to preserve value.
If you've ever asked, “Are financial advisors worth it?” — this episode gives you the answer.
Get intouch with Myles at [email protected]
35 episodes
Manage episode 492831689 series 3512732
97% of hedge funds underperform the market over 15 years.
Most financial advisors don’t even invest in the products they sell you.
And yet — they still charge you 1–2% every year, whether or not they add value.
In this episode, we expose how the financial advice industry works — and why hedge fund managers, financial planners, and wealth management firms often win even when you lose.
We cover:
- The 2 and 20 fee model and why it’s rigged against ordinary investors
- What a financial advisor actually does — and doesn’t
- The difference between a financial advisor vs planner
- Why low-cost index funds routinely outperform expensive “expert” portfolios
- How commissions, model portfolios, and hidden incentives drive most recommendations
We finish by showing how Bitcoin offers an alternative: self-custody, no silent fees, no middlemen, and no need to “beat the market” to preserve value.
If you've ever asked, “Are financial advisors worth it?” — this episode gives you the answer.
Get intouch with Myles at [email protected]
35 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.