Managed Accounts Explained
A financial advisor's suggestion to shift investments to a managed account raises questions about the efficacy of individual stock management versus mutual funds. The conversation highlights the risks of assuming that a personal advisor can outperform established mutual funds. Concerns about potential conflicts of interest and the implications of fiduciary rules are also discussed, emphasizing the importance of understanding the underlying structures of investment strategies.In this clip
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The Ramsey Show
The Ramsey Show | September 16, 2024
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