Top positive review
2 people found this helpful
Investors and "Financial Advisors".
on June 27, 2009
My experience with a number of financial advisors has been relatively poor. I was looking for advice on what the key points to look out for in investing are. It was clear to me that the bulk of financial advisors were either not able or not willing to make these points, but, rather concentrate on advice that was geared to maximizing their fees.
Danielle Park's book confirmed many of the thoughts that occurred to me over time. For example, I frequently discussed fund fees with my advisors, just to be told that with a good fund manager, this was easily recouped.
Yet, it is pointed out in many books and articles on investing to keep investment fees low (< 1 %). Danielle Park does, among other good pointers as to what to avoid. It confirmed for me that by far most mutual fund fees, for example, are much too expensive to make mutual funds an attractive way to invest, at least in Canada. I found the book very helpful in deciding what investment approach to take in the future.