Consumer Speaks Out Against Mutual Funds
Channel: Crash Proof Retirement
Date: 2012-05-07

After being educated on Crash Proof Retirement, Will reflects on his changed perspective on mutual funds for retirees.

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"As far as mutual funds are concerned, I was always told 'oh that's the way to go. You'll never you never have to worry about mutual funds.' and our entire pre-tax system is based on mutual funds and it wasn't doing well and here these people are getting paid anyway. And I Phil in this presentation was kind of breaking down well you have a fee for this and then there's another fee on top of it. They get paid no matter what happens to your account. It was an eye-opener to me because like I would say most people i look at the prospectus and i say this is too much legalese. I said it down. I don't have to worry about these people know what they're doing. Well yeah, they know what they're doing they're making money off for you. if you don't have a financial background and you don't know what they're talking about. This is too confusing for me to even worry about and if they want to pull the wool over your eyes on something or just have you look the other way while they're simply pocketing your money you're not going to really notice it. Because you're not understanding what you're reading. The people I work with some of them are even given up because I'm not putting my money into that fund, I'm losing it. Then they and they do their own thing. When the Crash Proof Retirement team comes to your area comes to your neighborhood, comes to a restaurant that's within a reasonable driving distance to a place you might go out just normally, take advantage of it. It's not wasted it's an evening well spent. It's very
enjoyable it's entertaining you have a nice dinner you meet some new friends and you need some people who are actually interested in your future and making it the best it could possibly be."