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WCI #298: Leaving a Bad Advisor

White Coat Investor Podcast

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How to Pay a Financial Advisor

There are basically four ways to pay financial advisors. The first one, the way you've been paying your advisor, is with loads or commissions. This means when you invest money in a mutual fund, the advisor takes some of the money you're going to invest and puts it in his or her pocket. I do not like this model because it incentivizes all the wrong kinds of behavior. So if you need an advisor, go get an advisor.

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