Andrew Hallam, author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School, says "If the average American Fund salesperson saw what Wasilewski charges, they would hide their pink heads under the covers of shame." Nobody can ever say that Hallam doesn't have a way with words!
My conviction has long been that the financial services industry overcharges by charging sales fees, marketing fees, outrageous management fees, and numerous additional hidden costs to individuals who are led to believe that market timing and stock picking are superior approaches.
I, of course, am not the only one practicing along the low-cost index approach. Hallam mentions Assetbuilder as well, and there are others. In fact, my sense is that the movement is growing - helped along by the works of Hallam et al. .
Although I work with all age groups, I am especially interested in getting the message across to young people. Too many procrastinate with their investment program because they won't take a bit of time to learn how it works. They convince themselves they are right whenever they see markets drop, when, in fact, they should see declining markets as a great opportunity.
If you are seeking investment help, look at the video here on my services. If you are seeking a different approach to managing your assets, you have landed at the right spot. I am a fee-only advisor registered in the State of Maryland, charge less than half the going rate for investment management, and seek to teach individuals how to manage their own assets using low-cost indexed exchange traded funds. Please call or email me if interested in further details. My website is at http://www.rwinvestmentstrategies.com. If you are new to investing, take a look at the "DIY Investor Newbie" posts here by typing "newbie" in the search box above to the left. These take you through the basics of what you need to know in getting started on doing your own investing.