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Advisors are about behavioral control. The last thing you want to do is have your advisor trading up a storm in your portfolio. They are not incentivized to tra
by anonu 6y ago
Advisors are about behavioral control. The last thing you want to do is have your advisor trading up a storm in your portfolio. They are not incentivized to trade because they have to justify it. You're not incentivized to have them trade because passive management beats out active almost all the time.