Evan's Experience with a Wealth Manager

In this episode of At Any Rate, Evan Raidt and Andrew Sather dive into a fantastic listener question from Joey. Joey asks a common but critical question: if a standard market ETF averages 10% a year, but a wealth manager can get you 16% for a 1% fee, shouldn't you just hire the professional?

Topics Covered:

• The Reality of 16% Returns: Andrew explains why finding a manager who can consistently beat the market by that much, decade after decade, is incredibly rare.

• Evan's Wealth Manager Experience: Evan shares his two-and-a-half-year experience using an Edward Jones wealth manager and why the transparency and simplicity of ETFs ultimately won him over.

Timestamps: 

01:09 - Intro & getting the episode kicked off. 

02:26 - Listener Q&A: Joey asks if a wealth manager is better than DIY investing. 

04:04 - The SPIVA Report: Why roughly 90% of active managers fail to beat the market. 

07:22 - Is a consistent 16% return from a wealth manager actually realistic?

18:25 - How to get over the overwhelming feeling of starting your DIY investing journey. 

26:34 - Why ETFs offer the best balance of low effort and high statistical probability of winning.

33:25 - What to expect in the short term versus the long-term "snowball" effect. 

41:25 - Final thoughts and episode outro.

Resources Mentioned

The Value Spotlight Newsletter: https://einvestingforbeginners.com/value-spotlight-newsletter/

Free monthly budgeting spreadsheet: https://einvestingforbeginners.com/budget/

Email Evan: evan@einvestingforbeginners.com

Have questions or want your story featured? Email the show at newsletter@einvestingforbeginners.com or comment below. Your feedback shapes the podcast!

Remember, financial freedom is built one smart move at a time. Keep it simple, keep it steady, and at any rate, we’ll see you next time.

Timestamps are generated by artificial intelligence, and are not 100% accurate depending on the platform used for listening.

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