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WCI #238: 2021 Financial Book Reviews

White Coat Investor Podcast

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Do You Need a Financial Planner?

Many financial planners dispense with the financial plan altogether, which is just a lost leader as far as they are concerned. So make sure if you're hiring a financial planner because you need a financial plan, that you are actually paying them for the financial plan and not just for asset management. The higher the returns you want, the more risk you've to take. You have to ask yourself, for a given goal, what's more important? The return on your principle or the return of your principle?

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