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Episode 2857:
Kevin Ha of FinancialPanther.com explores why people still invest in expensive mutual funds despite the availability of cheaper alternatives. He reveals that a lack of financial literacy and over-reliance on brand names or financial advisors often lead to poor investment choices. Kevin offers practical solutions, recommending low-cost funds and roboadvisors for better financial outcomes.
Read along with the original article(s) here: https://financialpanther.com/why-does-anyone-invest-in-expensive-funds/
Quotes to ponder:
"Why pay ten times more to invest your money in what amounts to basically the same thing?"
"My brother’s situation showed me exactly why people still invest in these types of funds."
"If you want to make it really easy on yourself, go with something I listed in the alternatives."
Episode references:
M1 Finance: https://www.m1finance.com
The Vanguard Total Stock Market Index Fund (VTSAX): https://investor.vanguard.com/mutual-funds/profile/VTSAX
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Optimal Finance Daily - Financial Independence and Money Advice