Is There Ever a Free Lunch?

Sadly, the answer is no! When times are good, people will overlook the possible downsides of a situation. Investors are no different. People ignore risks and pitfalls that can be easily seen if you just use some common sense. When things get bad, people try to absorb an overload of information to understand how and why they got there.

Whether you are buying a house, a car, or an investment, a salesperson points out all of the strengths and benefits of your impending purchase. They will not point out the weaknesses or drawbacks, which will jeopardize their chance of a sale.

The only way to make a smart investment decision that will affect your financial future is to have both the benefits and drawbacks laid out in front of you, equally.

Get the facts, use common sense, and remember there is no free lunch before making a decision that can decide whether your retirement will be a success of a failure!

To hear the Smart Money Radio Show segment where Bruce discusses paying fees for private wealth management, Click Here! (about 7 minutes long)



To hear the full Smart Money Radio Show where Bruce discusses Private Wealth Management, Click Here! (about 25 minutes long)