Many essential points made in this segment. Although I would add that in addition to asking advisers and fund promoters how long they have been in the business, you need to ask what returns they experienced during negative market years. The answer will tell you the most important thing about whether their approach adds any lasting value to capital over full market cycles. Bull markets cover up inept investment strategies and allocations, bear markets reveal the error in the ways.
Lance Roberts talks about the number one question you need to ask your financial advisor. The answer could affect all of the decisions they make about your money!
Here is a direct video link. (it’s a radio show, you just need to listen not watch.)
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