In my book, Millionaire Teacher, the seventh chapter was titled, Peek Inside A Pilferer’s Playbook.
I explained the tactics used by financial advisors who try to dissuade their clients from buying index funds–keeping them in actively managed mutual funds instead.
Today, I summarized some of their smoke and mirror rhetoric in the following Globe and Mail article.
Advisors who buy their clients actively managed funds are self-serving. If your advisor insists on buying actively managed funds, you need to fire them. Full stop.
