Learn about brokerage accounts, loads and fees.

In this podcast I review whether to keep a financial advisor or invest on your own, which brokerage firm to use and how fees enter into the equation.

Here is the listener question:

Hey Linda,

I was wondering if you can help me with some advice!

Currently I have an account with XYZ Company and I'm little concern about the fees. Right now my advisor gets 1.15% of my Roth IRA and 2% on my stocks. I was wondering if it's worth me staying there since I'm getting help from an advisor or would be a good idea to look at opening a self management account with a company like Fidelity?

The reason why I'm trying to focus on staying with XYZ Company or switching, is because I plan on investing 60k more into the market. My advisor keeps pushing for me to put into stocks and hold them for awhile, but I really want to put in mutual funds and index funds for a safer bet.

If you can give me any advice on what would best for me to do, I'd greatly appreciate it! I'm a big fan of your show and look up to you as a mentor. You have been a big help in the finance area in my life! Thank you for everything, I hope to hear from you.

Jasper

 

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• Where you to invest right now to prepare to build wealth in the next bubble (that is quietly forming)
• Why billionaires are chomping at the bit to make their next fortunes, and you can too without having their money
• Why it doesn't take a lot of money or investment experience to attain financial freedom
• Where fortunes may be made and how to make yours

Linda's teaching style is to take cutting-edge information and make it easy to understand and implement the concepts. She gives you all the details about where bubbles are forming, how to invest, and specifically what to buy (with ticker symbols).

To find out where wealth building opportunities are and apply for a strategy session with Linda, click here.

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TODAY'S SPONSOR

I want to take a few seconds to tell you about how I "read" more books and stay ahead of the curve. It's by not reading books, but instead listening to them – like you are right now! With Audible, there are over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player and…your first audiobook is FREE!

I suggest you get the audio book of Think and Grow Rich, or you can check out my website Resources page where I list all of my favorite financial books and you see exactly what books I have read and recommend you read. Then get started with Audible by visiting https://lindapjones.com/FreeBook and order your first audio book free! Get Think and Grow Rich or another book from my recommend list, and be sure to get started checking off the books you want to read with your free book from Audible!

Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America's Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom. 

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