If Index Funds Won, Why Do We Still Need Advisors?

Most people save without knowing their real "why." Free exercise for Canadians to find it. https://research-tools.pwlcapital.com/research/goals?utm_source=research&utm_medium=planningtools&utm_campaign=ben_yt Before I describe what constitutes good financial advice, let me start with what doesn’t. When I say that investing has been solved, I am, of course, talking about low-cost index funds beating most other investing strategies over most time periods. Academic literature going back to the 1960s has consistently found that trying to beat the market index is a losing game on average. Most investors are best-served owning the market and keeping their costs low. Timestamps: 0:00 "Ben, why do you still have a job?" 1:00 What isn't Financial Advice? 3:08 What is Financial Advice? 10:36 Should you get Professional Financial Advice? 12:19 Reasons to Seek Expert Advice ------------------ Follow Ben Felix on - Twitter: https://twitter.com/benjaminwfelix - LinkedIn: https://www.linkedin.com/in/benjaminwfelix/ Visit Rational Reminder: https://rationalreminder.ca/ Follow the Rational Reminder on: - Twitter: https://www.twitter.com/RationalRemind Visit PWL Capital: https://www.pwlcapital.com/teams/passmore-felix/ Follow PWL Capital on: - Twitter: https://twitter.com/PWLCapital - Facebook: https://www.facebook.com/PWLCapital - LinkedIn: https://www.linkedin.com/company/pwl-capital/ You can find the Rational Reminder podcast on Google Podcasts: https://www.google.com/podcasts?feed=aHR0cHM6Ly9yYXRpb25hbHJlbWluZGVyLmxpYnN5bi5jb20vcnNz Apple Podcasts: https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582?mt=2 Spotify Podcasts: https://open.spotify.com/show/6RHWTH9iW7hdnA7eAg7ukO?si=hjZNfLKuSjSeWX38GPqhVA ------------------