Friday, February 15, 2019

The harmful financial industry

There are more individuals working in the financial sector than those in the farming industry. Without the latter we all probably be eating grass.

That said, of the thousands of financial companies that purport to have the skills to create wealth or at least preserved wealth for their clients; in reality, I read somewhere, that more than 80% either loose money for their clients or achieve returns that are lower than the stock index.

Either way, whether you loose or make money, the financial houses wins; they have an upfront fee, administrative fee, misc fee, distribution fee, commission fee, performance fee, basic fee and etc. Even before your money gets invested you already in deficit. This also seems to be true for investment link insurance account.

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