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23 lines
677 B
Markdown
23 lines
677 B
Markdown
# Investment business is a scam
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## Don't trust financial advisers
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Don't trust anyone selling financial products, even if they are endorsed by your employer and especially if:
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- the fees are a recurring % of the portfolio ([Compound interests make you rich](smdc))
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- they are offering gifts or holidays
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- urgent one-time offers needing immediate decision
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They are trying to exploit your emotions caused by the fact that [financial markets are random](fa2k).
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## Avoid managed financial products
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Avoid at all cost actively managed fund, because:
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- the recurring fees will eat your interests
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- they attract more taxes
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Avoid QROPS (offshore pensions) for expats.
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:finance:
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