I'm a lollypop man stop, go, go slow lin47 what do you do for a living? only a member of the finance industry could spout this rubbish. I might write a book, called how to avoid financial planners & get superior returns by buying one lic & one index fund, buy & hold for 20 years.
Stupid yes but thats the reality compared to the finance industry offerings, If you want a scenario 10 years ago person x bought a $100,000 in arg compare any managed super or managed fund for return. NO fees same offering
lin47 "I'd like to see your evidence SPECIFICALLY of how fees would have actually "would have destroyed my retirement fund". Oh and secondly, what do you mean by 'your fee industry' when you have absolutely no idea who I am and what I do?
You seem to have this distain and recurring comment about FEES.""
Name me any industry that gets paid for losing money, only the finance industry fits that bill, even in good times/bull markets they take performance bonuses so anyone with a financial product gets screwed anyhow
A friend lost 40% of capital in several managed funds before exiting at asx 5000 due to my proding he still thanks me now where are we now under 4000, his advisor recouped fees of $2000 a year for nothing whilst he lost 40% what a joke
He was never advised to be in cash as there is no commission there for "the expert" haha, scumbags i can guarantee they did not have their money in with their clients
