Collin County Living Well Magazine March/April 2020 - Page 44
Rick Ferri, CFA
Ferri Investment Solutions
Hourly Investment Advice
Advisor Consulting Service
Your Investment Adviser’s Dirty Secret
nvesting your retirement savings is easy. You can do it yourself.
All you need to be successful are a few broad market stock and
bond index funds and you’re done. This simple and extremely
low-cost strategy will outperform almost all the strategies offered
by professional advisers, who charge 1% or more of your port-
folio and then underperform the markets.
I know how the system works because I’ve been an adviser for more
than 30 years. If you have an adviser who charges you based on
the size of your portfolio, odds are very high that your portfolio is
far more complicated and more costly than it needs to be, and that
you’re underperforming the broad stock and bond markets. If you
stop using the adviser, and adopt a simple portfolio that holds only
a few index funds, you’ll save a lot of money and your performance
Rick Ferri, CFA, is the CEO of Ferri Investment Solutions, an as-needed hourly fee investment adviser. He has 30 years of
experience in the investment industry as a financial consultant and portfolio manager.
Visit www.RickFerri.com for information or listen to his podcast at www.bogleheads.podbean.com.
COLLIN COUNTY Living Well Magazine | MARCH/APRIL 2020