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Are financial advisors a rip off?
Are financial advisors a rip off? I took a look at what my brokerage account gained this year from interest, dividends and gains in the market. As it stands today my portfolio is $73,907. I put $24k into it this year. At the beginning of this year I had $47,577. So I made $2,330 on my account this year. The management fee for the year ended up being $922. So my advisor is taking...
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