Have you ever looked at your investment account statement and said “What?”
Matt had the honor of reviewing his good friends account statement as he was concerned as to what was going on within it only to find a dirty little Wall Street trick being played on him.
This Wall Street method is designed to make your financial advisor appear really smart due the fact that he (she) purchased many different investments and doing lots of buy and sell transactions on your behalf. These advisors do to show investment brawn in an effort to retain business and extract fees from your account.
When it comes to wealth building, there is a big difference between motion and progress. Much of Wall Street has been designed for motion, not your financial progress. Watch this to make sure this isn’t happening with your investment portfolio.