This Is Just Sad: An Investor Who Gets Mistreated by Financial Advisors

Paul shares an all-too-common investing horror story as a warning to investors who think they can trust their advisors without any education. A 50-year-old woman has an advisor who takes her out to lunch, buys presents for her kids, sends her holiday cards, and then puts $500,000 of her money into annuity products. After a decade trying to get out, another advisor ties up her money in stock-picking and active management against her wishes. Paul urges investors to look past if their advisor might be “nice” and educate themselves about the investing process. Unfortunately, this story is more common than you might think. Later in the episode, Paul hits a question from his financial stewardship class at Trevecca about how to finally start saving.

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