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What is (Good) Financial Advice?

Before I describe what constitutes good financial advice, let me start with what doesn’t. When I say that investing has been solved, I am, of course, talking about low-cost index funds beating most other investing strategies over most time periods. Academic literature going back to the 1960s has consistently found that trying to beat the market index is a losing game on average. Most investors are best-served owning the market and keeping their costs low. Timestamps: 0:00 "Ben, why do you still have a job?" 1:00 What isn't Financial Advice? 3:08 What is Financial Advice? 10:36 Should you get Professional Financial Advice? 12:19 Reasons to Seek Expert Advice ------------------ Follow Ben Felix on - Twitter:   / benjaminwfelix   - LinkedIn:   / benjaminwfelix   Visit Rational Reminder: https://rationalreminder.ca/ Follow the Rational Reminder on: - Twitter:   / rationalremind   Visit PWL Capital: https://www.pwlcapital.com/teams/pass... Follow PWL Capital on: - Twitter:   / pwlcapital   - Facebook:   / pwlcapital   - LinkedIn:   / pwl-capital   You can find the Rational Reminder podcast on Google Podcasts: https://www.google.com/podcasts?feed=... Apple Podcasts: https://itunes.apple.com/ca/podcast/t... Spotify Podcasts: https://open.spotify.com/show/6RHWTH9... ------------------