{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"253. Investing: Breaking the 1% Fee Habit, Risk, and Staying the Course","description":"On this episode of CFO at Home, Vince speaks with Andy Parrillo of Parrillo Investors about the importance of investors understanding the fees that financial advisors charge to manage their money, and the true all-in cost of investing in mutual funds and ETFs. Andy shares a bit on the history of these fees, and advocates for investors to have their advisors provide performance reports showing their returns after fees, against the performance of the appropriate benchmark. Andy also discusses how investment portfolios can have too little risk as well as too much, investing behavioral pitfalls, market timing, fear-driven decisions, and staying the course through downturns. For more resources, including Andy\u00b7s book Beat the Wealth Management Hustle, visit parrilloinvestors.com Key Topics: 01:10 Why Fees Matter 02:57 Legacy Fee Model 04:58 Index vs Advisor Value 05:44 Fee Calculator Demo 10:35 Compounding Fee Drag 13:16 Basics of Staying Invested 15:03 Measuring Risk Tolerance 17:44 Behavioral Finance and Fear 19:22 Bear Markets and Staying Course 23:11 Advisor Value and Advantage 24:23 Diversification and Global Shift 27:12 DIY Strategy and Buffett 28:52 Market Timing Myth 30:02 Closing Thoughts on Knowledge Key Links: https:\/\/parrilloinvestors.com\/ Beat the Wealth Management Hustle Contact the Host - vince@thecfoathome.com Want to be a guest on CFO at Home? Send Vince a message on PodMatch, here:https:\/\/www.podmatch.com\/hostdetailpreview\/1628643039567x840793309030672500   ","author_name":"CFO at Home","author_url":"https:\/\/www.thecfoathome.com","html":"