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Is your financial advisor really worth it?
The truth is… most advisors don’t do much for you. They simply take your money and put it into some form of a passive investment strategy.
Passive investing is when you invest in the total market, which means your account performance is equal to whatever the general index does.
If the S&P 500 goes up 1%, your account does too, and vise versa. It’s a simple strategy that you can easily do yourself.
But should you or your financial advisor be using these passive strategies?
In the video above you’ll learn 3 reasons why passive investing is a bad strategy. These reasons include:
1. You’re forced to hold your investments through financial crises
2. Your retirement is constantly at risk
3. The strategy only works if markets in “goldilocks” markets
At the end of the video I’ll also show you what you should be using instead of a passive strategy.