175-Friday Q&A: Can Financial Advisors Increase Your Returns, How to Prepare For the CFP Exam, Fastest Way to Become a 1%er, How Do You Trust Insurance Agents, What is the Role of an IPO in an Investment Portfolio
Radical Personal Finance
Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP
4.2 • 1.9K Ratings
🗓️ 3 April 2015
⏱️ 66 minutes
🧾️ Download transcript
Summary
Friday Q&A shows are fun and today is no exception. Today I answer five questions:
- Is there any academic support for the value of financial advisors?
- What is the best way to prepare to pass the CFP exam?
- What is the fastest way to become a 1%er?
- How do you learn to trust insurance people?
- What is the role of an IPO within a broader investment portfolio?
Enjoy my answers!
Joshua
Links:
- Research on investors' actual returns with DFA funds.
- Vanguard's paper on the value that an advisor brings.
- Morningstar's paper on the value of an advisor.
- "Route to an $8 Million Portfolio Started with Frugal Living"
- "How Much Money Does it Take to Be in the Top 1% of Wealth and Net Worth in the United States?"
- "How Much Money Does It Take to Be In the Top 1% by State?"
- Support Radical Personal Finance on Patreon! http://radicalpersonalfinance.com/patron
Transcript
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| 0:00.0 | Step right up, step right up, ladies and gentlemen, have I got a deal for you? |
| 0:04.0 | Pull out your wallet, you don't have to hand it over quite yet, but I do want you to know that I have something |
| 0:10.0 | special in store for you. This thing that I am about to unveil for you is going to |
| 0:15.0 | make you rich beyond your wildest dreams. It'll make you rich not only you but |
| 0:20.6 | also your entire family and it will not take any time at all. |
| 0:25.0 | Aren't you glad you don't have to listen to that crap from me all the time? |
| 0:30.0 | If you'd like to keep the show free of that kind of stuff, please go to radical |
| 0:35.1 | personal finance dot com slash patron and help keep that off the show. |
| 0:42.1 | Happy Friday everybody. |
| 0:45.0 | Today it's Friday Q&A and let's see I've got I think three or four questions lined up for you. |
| 0:49.0 | We're going to have a quick conversation about the actual rate of return, |
| 0:52.0 | what actually, excuse, what actual support for what a |
| 0:55.7 | financial, the value of financial advisor can actually bring. We're going to have a |
| 0:59.0 | quick conversation about what's the fastest way to become a one percenter. We're going to talk about |
| 1:04.8 | how on earth can you learn to trust insurance people and we're going to talk |
| 1:08.1 | about the role of an IPO within a broader investment portfolio. |
| 1:13.0 | Here we go. Welcome to the Radical Personal Finance Podcast. My name is Josh washeets and I'm your overly |
| 1:34.1 | effusive and overly oboliant host today. I can't help it it's Friday. It's a beautiful |
| 1:39.6 | Friday I like doing Q&A and sometimes you know I just gotta have a little bit of fun and I hope |
| 1:44.4 | you don't mind coming along for the ride on Fridays I answer your show and today these |
| 1:48.2 | are all voicemail questions if you would like to get your question answered, go to radical personal |
| 1:53.6 | finance.com and leave a message but today sit back relax and enjoy these answers. |
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