Avoiding Investment Fees: A Cautionary Tale

In my early thirties, I was very new to investing. I knew it was something I was supposed to do, but I didn’t know where to start.

So I often listened to a radio show by a well-known personal finance advisor. He provides a list of Endorsed Local Providers (also known as ELPs) — individuals that the organization vetted and were supposed to have “the heart of a teacher.”

With my own teacher’s endorsement, that’s all I needed to put my full trust in one of his investment broker ELPs.

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