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Are Investment Advisors Parasites?

Sep. 26, 2021 9:51 AM ETSPDR® S&P 500 ETF Trust (SPY)
Michael Blair profile picture
Michael Blair's Blog
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  • 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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