$1 Million Dollar Financial Planner Scam

Learn why your financial planner is costing you millions in retirement in today's video!
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**BOOKS WE RECOMMEND FOR INVESTING **

You can find all these books on Amazon

The Psychology of Money - Morgan Housel
Richer, Wiser, Happier - William Green
The Intelligent Investor - Benjamin Graham
One Up On Wall Street - Peter Lynch
Beating The Street - Peter Lynch
The Little Book That Beats the Market - Joel Greenblatt
The Complete TurtleTrader: Michael Covel
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Video editing by The Tweaky Tales

🚨⚠️ All content on the channels for discussion, entertainment, and illustrative purposes only and should not be construed as professional financial advice, solicitation, or recommendation to buy or sell any securities, notwithstanding anything stated on the Channel. There are risks associated with investing in securities. Loss of principal is possible. Some high-risk investments may use leverage, which could accentuate losses. Foreign investing involves special risks, including greater volatility and political, economic, and currency risks and differences in accounting methods. Past performance is not a predictor of future investment performance. Should you need such advice, consult a licensed financial advisor, legal advisor, or tax advisor. You agree to verify all information yourself before investing.

[MC-gjfg]

Even if folks never want to learn to make wise buying decisions on individual stocks or sell options, the number of people of people who would prefer to lose money to a financial adviser rather than take 5 minutes per month to log onto their brokerage website and simply click on their S&P ETF of choice is mind boggling.

[tobybear]

I fricking love you Seth! I appreciate Paul's hard edge, matter-of-fact, no lube approach to the financial statements. But, I absolutely love your down to earth, charming, upbeat personality! You should definitely be a motivational speaker if you ever get board with the 100 other things you have going on! Thanks for this video!

[NewEngland]

They say it's only 1% of your returns to make it sound like it's nothing. But if you made 10% (say that 10% is equal to making 10k) and they take away 1% of that so your net was 9%( so now you only made 9k), that's 10% of your actual money gone

[rajrama]

Seth, loved the video and love the way you've taught your son to start investing early. When did you start to teach your son? My daughter is 5 now and I can only hope she will be as interested in investing as your son is.

[danboruchowitz]

Great advice Seth, enjoy the channel.

[daveclark]

So many cool edits in this. I love Warren Buffet's description - "Certified Bad@$$" 🤣

[A.Campbell]

To quote Scott Steiner -

"...the numbers don't lie, and they spell disaster for you"

[nathanweber]

I somewhat disagree. Not all financial planners are created equal and I think it all depends on the services offered. I will grant that there are many who provide very little value for the fee charged. But some provide a full range of Wealth Management services that can really benefit clients, particularly those who have a complex financial situation and don’t have the time or expertise to manage on their own. I agree that for most younger people, having a financial planner isn’t always worth it. But for those with more complexity and especially those nearing retirement, working with a financial planner can be wise and beneficial. I don’t think it’s fair for you guys to completely broad brush all financial planners as scams.

[glowbofox]

My company use ICMA aka mission square retirement. Should I move my money over to fidelity ?

[levont.husser]

This video and the 30 year mortgage vs 15 Mortgage videos are amazing.

[Pamcheryl]

Hilarious, *BanninkSolutions* I love the work you do mate. Those low life scammers take money from old ladies, they have no soul or heart and deserve everything u give them. Your doing a service to humanity. Love the videos, keep doing the good work mate..

[stuartscott]

Does your 8 Pillars software analyse UK stocks or is it only US stocks at the moment?

[davidbooth]

Awesome. I'm sharing this with my 18 and 21 year old son's. Thank you !!

[ValueHurts]

You obviously haven’t seen what regular people do with their money. No retail client would hold the S&P during a long period of underperformance. They would pull their money out and buy the hot sector after a couple of years. Good financial planners would position you in areas of the market where there is value. Just the same as you guys do with stocks. Currently the S&P is fairly expensive compared to other areas such EM or European stocks. In the U.K. at least most retail investors will fail at using proper tax planning leaving them exposed to massive tax bills. This saving alone can sometimes cover any fees for a decent planner.

[blackbox]

Awesome video. Appreciate the advice. I hope more people would take the time and at least watch this video before they decide on their next financial decision.

[albertma]

financial planners are going to hate you guys soooo much :D

[alisaleh]

My brother, what do you think of the vale adr stock? Is it useful for investment or speculation? I hope for an answer

[noeliosis]

I'm curious why DON'T mutual funds/financial planner index funds make 8-10% returns like something like VOO or SPY?

[fliich]

Seth, great video. So does buying SPY in a roth account beat a roth account from a robo advisor like Betterment or Wealthfront?

[mikemiddle]

Sounds like I need to become a financial advisor