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I'll play a bit of devil's advocate here: Was it though? Financial advisors were always mostly a ripoff for people with basic financial literacy who aren't tryi
by Zarath 7y ago
I'll play a bit of devil's advocate here: Was it though? Financial advisors were always mostly a ripoff for people with basic financial literacy who aren't trying to do crazy tax stuff or laddering CDs or something. If anything, this should just accelerate the switch to index funds.
- modriano 7y agoEven if financial advisors were always an inferior option than index funds, why should they be allowed to make financial decisions for their clients that are contrary to the best interests of their clients?
- omosubi 7y agoA lot of people aren't smart enough to know better though. The government should protect them from people scamming out of their money