Mutual Fund Industry Is a Huge Scam – Ep. 53 Weekly Wealth Digest

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Published on Jan 14, 2015

What if I approached you with a business proposition? We’re going to buy publicly traded companies. We will use your money – a lump sum at the beginning and then more of your money every month. You will take on all the risk and I will take on none. Now, for helping you buy these businesses, I’ll charge you a fee – one that compounds and continues to make me wealthier no matter what. If my stock picks go up, down or sideways, I get paid. To really sweeten the deal, I will also charge you hidden fees that you don’t really see: trading fees, brokerage fees, and about 20 others.

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