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The problem is that the managers of the mutual funds make more money when they gather huge piles of assets and charge high fees. The high fees are in… - Tony Robbins
" "The problem is that the managers of the mutual funds make more money when they gather huge piles of assets and charge high fees. The high fees are in direct conflict with the goal of producing high returns. And so what happens over and over again is the profits win and the investor seeking returns loses.
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About Tony Robbins
Anthony Jay Robbins (born Anthony J. Mahavoric; February 29, 1960) is an American author, coach, speaker, and philanthropist.
Biography information from Wikiquote
Also Known As
Birth Name:
Anthony J. Mahavoric
Native Name:
Anthony Jay Robbins
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Additional quotes by Tony Robbins
It is the only financial vehicle on the planet that can give you the following: • 100% guarantee on your deposits.17 (You can’t lose your money, and you keep total control.) • Upside without the downside: your account value growth will be tied to the market, so if the market goes up, you get to participate in the gains. But if the market goes down, you don’t lose a dime. • Tax deferral on your growth. (Remember the dollar-doubling example? Tax efficiency was the difference between having $28,466 or more than $1 million!) • A guaranteed lifetime income stream where you have control and get to decide when to turn it on. • Get this: the income payments can be made tax-free if structured correctly. • No annual management fees.
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