Book of Wise Investors

If you ask a woman how much does that LV bag costs, chances are she can most probably tell how much it cost within a dollar margin. However, if you ask her how much she pays “talented people” for professional money management, there is also a good chance that she got no ideas. There exists the same probability that she is paying much more for money management than for her LV bag. If there is a financial adviser managing her wealth, the fees will be around $3000 to $5000, coupled together with 1% fee for a $100 000 portfolios, which…