Similar to the ‘ole Tom Cruise movie “A Few Good Men”, the question that is asked is “can you handle the truth?”
Well, bluntly speaking, the primary reason the investment community has no interest in losing control of the control they have over you and their ability to earn commissions. I mean, honestly, why would they want to. Think of it from another angle, if you were speaking to a real estate agent, they would probably always encourage you to purchase investment property vs. investing into mutual funds. Why? Because they would earn a commission. So, why would we expect our financial planners (if they are receiving commissions) to recommend that we invest in assets outside of their control?
Bottom line: why not have a plan where you can do both?!
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