Wow. I went online to find todays comic to share with a friend. Who knew we now have to discuss, analyze and argue the merits of comics. So, my two cents: I had three financial advisors early ‘00s and found the first took advantage of my ignorance and put me in funds where he got the best commissions; the second sold me on a variable annuity that grew by about 30% in 22 years, and thebthird recommended me not to purchase Apple when it was 1.25 a share. I ignored him, though I was in a place where I could have purchased considerably more. Since 2005 I’ve done it myself, and I’ve managed quite well. This comic, for me, is 100% accurate. At least the gambles have been my own. Why pay a fee to someone who’s guessing as well?
Oh, and the “funds” i was in had the highest management fees. So, everyone made money but me.