Why Choose a Fee-Only Advisor?

Joe and Al discuss the importance of finding a fee-only advisor who will put the client’s interests above all else. Ultimately, the wrong advice from the wrong professional could cost you thousands of dollars. Also on today’s podcast: San Diego County pension issues and a look at Clinton’s college proposal that will make college more affordable for students.

1:35 “Leverage with investments basically means I’ve got $10 billion but I can buy $20 billion of securities because I can borrow $10 billion”

6:50 “That’s the thing with the market; it tends to drop more quickly than it goes up”

7:04 “When you take a look at your investment strategy, it shouldn’t be exciting—it should be boring, it should be like watching grass grow. You want to get a conservative rate of return to make sure you preserve the capital and then you outpace inflation, taxes and so on and so forth”

8:40 “Some securities have different trends in regard to their overall return”

9:27 “The most important investment that you can make is an investment you make in yourself”

19:33 “Here’s the takeaway: you want to work with a fee-only financial planner…whatever advisor you’re considering, ask them if they’re a fiduciary, which means they are required to look out for your best interest”

19:47 “Here’s an even better question: How are you getting compensated? Are you receiving any compensation from any outside companies or commission from products that you sell?”

22:13 “Hillary Clinton has rolled out a plan to make college affordable; under the new college compact, no student should have to borrow to pay tuition at a public college”

23:49 “Hillary Clinton has proposed a plan to reduce the cost of college tuition and alleviate student loan burdens by capping itemized deductions including charitable deductions at the 28% level for families and individuals”
26:44 “We have clients who are young dentists, young doctors who have $150,000 or $200,000 student loan debts”

31:45 “Can I even retire? I’m 62 years old and want to retire at age 65, can I? Am I on track to retire?”

33:13 “You have to look at so much more than just the overall benefit itself in a bubble. Imagine if your retirement game plan was no longer a number”

34:44 “Our search of trying to find that best investment actually hurts us”

38:56 “Visit purefinancial.com; we are one of the largest fee-only investment advisors in southern California”