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Reply to "Why would you pay 1% to a financial advisor?"
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[quote=Anonymous]Does it make financial sense? Of course not. But people spend money on this for the same set of reasons people spend money on anything: a) ignorance. They don’t know any better b) self-importance/vanity. They think it makes them special. C) laziness. They genuinely can’t be bothered with this crap, and can afford not to have to worry about it. People spend money on worse things…[/quote]
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