People who have savings have been reluctant to keep their cash under their mattress, so they deposit it in the bank. While in the bank, the returns have not kept up with inflation. The bankers will offer their clients a way to make some profit off of that money that’s just sitting there. There’s just one problem: They don’t give a damn about you.
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ℹ️Sources Used in This Video ℹ️
https://goo.gl/UpprQe
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Earnings Wizardry - WSJ
https://www.wsj.com/articles/SB10000872396390444138104578030353195160818
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Canada's big banks admit they overcharged customers — what went wrong? | CBC News
http://www.cbc.ca/news/business/big-banks-osc-excess-fees-1.4180732
'Sell to them or you will lose your job': Call centre employees for big banks reveal upsell pressures | CBC News
http://www.cbc.ca/news/business/banks-sales-tactics-call-centres-go-public-1.4030981
Credit union employees say high-pressure sales targets turn 'members' into 'marks' | CBC News
http://www.cbc.ca/news/business/credit-union-employees-say-sales-targets-too-high-1.4109076
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This is sad but true. Over the past few years the UK has changed the rules around advisors to ensure they declare when taking commissions and to try and prevent them from recommending funds which offer the best compensation to them, rather than best suitability for the client.
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Best investment a single individual can make is rentable real estate . Someone is always going to want an apartment for rent . So buying some building blocks would be smart to have .
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