On this episode of CFO at Home, Vince speaks with Andy Parrillo of Parrillo Investors about the importance of investors understanding the fees that financial advisors charge to manage their money, and the true all-in cost of investing in mutual funds and ETFs. Andy shares a bit on the history of these fees, and advocates for investors to have their advisors provide performance reports showing their returns after fees, against the performance of the appropriate benchmark. Andy also discusses how investment portfolios can have too little risk as well as too much, investing behavioral pitfalls, market timing, fear-driven decisions, and staying the course through downturns. For more resources, including Andy·s book Beat the Wealth Management Hustle, visit parrilloinvestors.com

Key Topics:

01:10 Why Fees Matter

02:57 Legacy Fee Model

04:58 Index vs Advisor Value

05:44 Fee Calculator Demo

10:35 Compounding Fee Drag

13:16 Basics of Staying Invested

15:03 Measuring Risk Tolerance

17:44 Behavioral Finance and Fear

19:22 Bear Markets and Staying Course

23:11 Advisor Value and Advantage

24:23 Diversification and Global Shift

27:12 DIY Strategy and Buffett

28:52 Market Timing Myth

30:02 Closing Thoughts on Knowledge

Key Links:

• https://parrilloinvestors.com/

• Beat the Wealth Management Hustle

Contact the Host - vince@thecfoathome.com

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