If you have not watched John Oliver's talk on retirement plans. Watch it!
It is probably one of the most entertaining material on personal finance; albeit something which has been espoused so often by financial bloggers.
If you do not have 21 minutes to spend on managing your finances, just go to the 8 minute mark and watch till 11 minutes. It is one of the most important lessons you will learn on personal finance.
If what John Oliver mentions has truth; financial advisers often placing their interest before yours, it makes me wonder why some many countries are allowing it. One sunny island, home to a population of 5-6 million people, in fact has the highest financial adviser ratio to population!
I wonder how many residents on that island are aware their own actions are hurting their retirement.
Interesting fact about the highest financial advisers on this little island.
ReplyDeleteInvestors have the option to choose fixed dates on which their accounts are debited for the fixed amount they wish to invest. If the day chosen happens to holiday, amount gets debited on next working day. investment management calculator
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