Bad Financial Advice: Red Flags, Must-Ask Questions
Motley Fool Answers
The Motley Fool
4.4 • 823 Ratings
🗓️ 17 February 2015
⏱️ 25 minutes
🧾️ Download transcript
Summary
Warning signs that you're getting bad financial advice from your money pro. Plus, breakup lines to help you get out of a bad relationship.
Transcript
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| 0:00.0 | Hey, kiddos. It's time again for Motley Fool Answers. I'm joined as always by Deanna |
| 0:09.0 | Yocom and Robert Brokamp, personal finance experts here at the Motley Fool. And of course, |
| 0:14.1 | I'm Alison Southwick. And I'm really excited about today's show. I know you are. Yay, today's show. |
| 0:20.7 | What gets you so excited about this topic? |
| 0:22.5 | I am. |
| 0:23.0 | I think this is going to benefit a lot of people. |
| 0:26.3 | Because maybe you, dear listener, have a guy. |
| 0:30.0 | Or maybe you have a friend or a family member who has a guy. |
| 0:33.6 | And maybe this guy is a broker or a financial advisor over at Edward Jones or Chaz Schwab. |
| 0:40.3 | And maybe this guy, who can also be a gal, has given you some financial advice that made you have a bad feeling in your tummy, in your tum-tum. |
| 0:49.1 | But you just weren't confident enough to disagree. |
| 0:51.5 | So today, we are going to arm you with the knowledge you need |
| 0:55.0 | to recognize when you're getting bad financial advice. By the end of the show, you'll know |
| 0:59.8 | the red flags to look out for, as well as our best piece of advice for making sure your money |
| 1:05.4 | is in safe hands. Yeah? Yeah. That sounds great. It's exciting. I'm excited. |
| 1:11.6 | My tummy feels better already. |
| 1:12.6 | When you were saying that this vision came to mind, show me on the doll where the man |
| 1:15.8 | hurt you and the kid points to the wallet. |
| 1:17.9 | Oh, my God. |
| 1:18.9 | Horrible. |
| 1:19.9 | Horrible. |
| 1:20.9 | All right. |
... |
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