We are surrounded by people who lie. Experts say we lie on a regular basis, so the fact that our politicians, corporations and those trying to sell us something often lie should not be a surprise. Paul wants investors to search hard for the truth, not just by others but also lies we tell ourselves. He suggests a powerful way to use the smartphone in search of the truth and yes, it could earn you an extra million dollars
how to invest wisely
Paul discusses three separate topics. Segment 1: The article, “Why Politics and Investing Don’t Mix,” by Mike Piper, in which Piper alerts readers to how security sales people and other financial sales organizations appeal to the emotions of both the right- and left-leaning views in order to convince them to invest in inappropriate products. Segment 2: How a large organization paid $11 million to a broker who promised he didn’t get a commission. Segment 3: The story of how Paul tried to gently help a widow start a long process of leaving a broker relationship to move to Vanguard.
“Where can I get the best, most unbiased financial advice?” This is one of the most common questions from investors. But, Paul asks, do we really want unbiased advice? How do we tell if the advice is in our best interest, or that of the salesperson? Will we follow it and, most importantly, have peace of mind? Exploring different aspects of the question of investment advice, Paul returns to the importance of learning how investing works in your best interest.