The federal government is taking out a chunk of 20% or 30% or 40%, depending on your tax bracket. That's in the ballpark of the same level of damage as this fund manager. So that's why it's so important to use those pre-tax dollars that you could put into IRAs and 401Ks.
You have different options when it comes to investing. Phil discusses the realities of mutual funds, hedge funds and indexes. For show notes and more information visit www.ruleonepodcast.com
Learn more about your ad choices. Visit megaphone.fm/adchoices