Never Buy Investments From A Bank – Dave Rant Rant
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As usual, great advice! Thanks!
Charles Schwab is both a bank and an investment platform. I assume you recommend against them since they do banking? If a large company is both a highly respected investment firm and also does banking I honestly don't think it's fair to state that you shouldn't use them for investing.
Financial advisor are not experts they just have access to datas that commun people don't have acces to, and use terms to make it look complicated. The national education should teach people to manage money instead of teaching worthless classes not useful on day to day life
Obviously another thing pushing people to spend money with him
Dave doesn't know anything lol…
What a fraudster!
Absolutely dave, they are glorified customer service reps. You have to talk to an investment banker, who is licensed to help you with brokerage accounts and retirement.
I'm using jp morgan through chase bank for my mutual funds I'm pretty happy with it so far. Active managed funds.
Very annoying video! Dave I love your show but you sometimes come off as arrogant and condescending:-/
Dave Rant Rant
Whoever sells fractional shares of VTI or SCHB is fine. However, most bank investing do not offer fractional shares for ETFs nor Index mutual funds. Ally bank, Merrill Edge, and Chase You Invest just underperform the actual investing platforms.
Calling an advisor a smartvestor pro is the best way to make them sounds very sketchy and unqualified
Yep! Invest at an investment firm. Bank at a Bank Firm. Buy insurance from an insurance company. Buy groceries at a grocery store.
Not really helpfull
I have made huge profits on my investment since i started trading with Mrs Rachel Lynne Hume her investment strategy is a top notch
I disagree
Do it yourself people
Financial advisors from a bank are subject to the same licensing requirements and oversight from FINRA, SEC, etc., as any private FA. . .
My wife before I met her got a IRA at WF, when I looked at it it was essentially a savings account earning pennies every year, had that moved ASAP!
I bought a J.P. Morgan investment account from chase. It runs automatically was it the best move?
I invest with chase investment accounts and they are pretty good but don't seek for investment advice from them.
The Chase Private Client salesperson said you have a conflict of interest for promoting index funds! Ha ha ha, Chase Private Client was a joke.
I couldn’t agree with you more, Dave!
you snorting coke?
I dont know Dave… that sounded kind of like a sales pitch.
I would like a smart investor in my area
I went to a bank trying to buy the s&p. The "investment" lady was steadfast that "you can not buy the s&p, its just an index" I said over and over that I just want to buy the S&P. I walked out, realizing that everyone in their was just a salesmen