More Money Podcast From the Archives: Relistening to Ben Felix Share How to Be a Common Sense Investor
Apr 30, 2025
In this discussion, Ben Felix, Chief Investment Officer at PWL Capital, shares his expertise on common sense investing. He breaks down practical strategies for navigating today's economic landscape. Listeners will find insights into the benefits of index investing versus actively managed funds, and learn about the often-hidden costs of homeownership explained by the '5% rule.' Felix emphasizes the importance of financial literacy and proactive planning for retirement, making a compelling case for informed investment decisions.
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Ben Felix's Career Pivot
- Ben Felix chose mechanical engineering based on its academic challenge, not passion, then shifted to finance MBA by the same logic.
- His initial experience in financial services was disappointing due to commission-driven sales tactics.
Financial Advisory Fee Structures
- Financial advisory firms differ mainly by fee structures: commission-based, fee-based, and hourly/fixed fee.
- Each model has pros and cons affecting incentives and client service economics.
Basic Wealth Building Advice
- Early wealth-building requires basic principles: spend less than you earn, pay off debt, minimize fees, and maximize tax-advantaged accounts.
- Complex scenarios and retirement planning benefit most from professional advice.
