This Podcast fell a bit outside of our usual focus, however I really wanted to highlight the financial message Ted Hunter has to share.
Ted is an Author, Blogger, and Entrepreneur and has recently released a book entitled Money Smart. He offers unconventional financial ideas that work. He shares with listeners how simple it is to make money from your investments, without hiring a financial advisor/expert. In fact, Ted claims that the financial industry is terribly mismanaged and effectively lies to the public about their expertise. Ted maintains that individuals are better suited making their own financial investments.
Ted refers to a study co-conducted by Harvard Professor Daniel Bergstresser outlined in a report called Assessing the Costs and Benefits of Brokers in the Mutual Fund Industry . He says this report substantiates what he is asserting. Individuals can invest their money better than experts/financial advisors can.
Ted talks about the four key tips individuals need to employ to successfully invest:
1) You manage your own money. 2) Understand and act on market cycles. 3) When you are going to invest in the Stock Market, invest ONLY in broad based, no load (no commission), index funds. 4) Do not limit yourself to the Stock Market.
Ted advises against investing in Stocks as he claims it is simply shocking how corrupt the system is.
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