Are Investment Advisors Parasites?
Summary
- They all charge fees.
- The vast majority underperform market averages.
- Most have limited understanding of what comprises real value.
- Investors should avoid "advisors" and either do their own homework or invest in index funds.
This article makes the case. Are investment advisors parasites? - by Michael Blair - What is wrong with Canada? (substack.com) If index funds like (SPY) return close to market averages, why pay an advisor to do worse?
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