Constantly Updated Financial Advice Is a Red Flag

Paul overheard a radio commercial for a best selling book called “Unbreakable Investor” that the author claimed needed to be updated due to some unexpected market events. Listen along as Paul, Ira, and Evan talk about their concern for the hundreds of thousands of investors who bought and implemented the strategy in the first copy. The bottom line is that constantly updated financial advice is a red flag and there is an investment strategy that helps keep investors from playing the guessing game. Later in the episode, Paul brings up a company who is offering a “match” on your IRA and how this is a great marketing tactic for these companies, but he explains that these companies will figure out how to make the money on the back end.

 

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