{"id":612,"date":"2016-06-15T07:09:24","date_gmt":"2016-06-15T14:09:24","guid":{"rendered":"https:\/\/chaltenadvisors.com\/blog\/?p=612"},"modified":"2016-06-15T20:03:13","modified_gmt":"2016-06-16T03:03:13","slug":"who-wouldnt-like-to-see-ricky-gervais-starring-in-the-investment-advisor","status":"publish","type":"post","link":"https:\/\/chaltenadvisors.ca\/blog\/who-wouldnt-like-to-see-ricky-gervais-starring-in-the-investment-advisor\/","title":{"rendered":"Who wouldn&#8217;t like to see Ricky Gervais starring in &#8220;The Investment Advisor&#8221;?"},"content":{"rendered":"<p>I don&#8217;t watch a lot of TV but was sent a 20 minute clip from Last Week Tonight with John Oliver which was well worth watching &#8211; hilarious actually. \u00a0He takes a satirical poke at the investment industry which is pretty spot on target:<\/p>\n<p><iframe loading=\"lazy\" title=\"Retirement Plans: Last Week Tonight with John Oliver (HBO)\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/gvZSpET11ZY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><em>Source: YouTube<\/em><\/p>\n<p>Strip out the wit, metaphors, f-bombs, sarcasm and irony (actually, you can leave the irony part) and it would watch like a very well researched and structured documentary about how many pitfalls investors face when trying to save for retirement. \u00a0The last segment is a fantastic mock commercial thats silliness is only amplified by that fact that it&#8217;s so rooted in reality &#8211; I stopped\u00a0laughing just long enough to jot down the 5 main takeaways, paraphrased here:<\/p>\n<ol>\n<li>Start saving now &#8211; in fact start saving a long time ago, and while you&#8217;re back in time, do us all a favour and kill baby Hitler.<\/li>\n<li>Set your investment portfolio with\u00a0low cost index funds and then leave it alone\u00a0&#8211; average investment returns are just fine for average people &#8211; check your investments about as often as you google search whether Gene Hackman is still alive &#8211; about once a year (and he&#8217;s still alive and well if you haven&#8217;t checked recently).<\/li>\n<li>Only use an advisor who is a fiduciary (required by law to act in your best interest) &#8211; if your advisor is wearing what looks like a super bowl ring but it&#8217;s from his employer, run the other way.<\/li>\n<li>As you get older, adjust the mix of stocks and bonds in your portfolio &#8211; maybe think about adding more bonds every time they switch the actor who plays James Bond.<\/li>\n<li>Pay attention to fees &#8211; fees can crush you&#8230;literally&#8230;best to keep them like your milk &#8211; under 1%.<\/li>\n<\/ol>\n<p>There are plenty of good and engaging documentaries detailing how investors are often taken advantage of and get into trouble. \u00a0They&#8217;re just not funny, though. \u00a0If this is what it takes to get people to pay attention, then I hope we see more of it. \u00a0Personally I&#8217;d like to see Ricky Gervais in <em>The Investment Advisor.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I don&#8217;t watch a lot of TV but was sent a 20 minute clip from Last Week Tonight with John Oliver which was well worth watching &#8211; hilarious actually. \u00a0He takes a satirical poke at the investment industry which is pretty spot on target: Source: YouTube Strip out the wit, metaphors, f-bombs, sarcasm and irony <a class=\"read-more\" href=\"https:\/\/chaltenadvisors.ca\/blog\/who-wouldnt-like-to-see-ricky-gervais-starring-in-the-investment-advisor\/\">[&hellip;]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,7,14,12],"tags":[],"class_list":["post-612","post","type-post","status-publish","format-standard","hentry","category-costs","category-graham-bodel-posts","category-investment-industry-issues","category-passive-vs-active-investing"],"_links":{"self":[{"href":"https:\/\/chaltenadvisors.ca\/blog\/wp-json\/wp\/v2\/posts\/612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chaltenadvisors.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chaltenadvisors.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/chaltenadvisors.ca\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/chaltenadvisors.ca\/blog\/wp-json\/wp\/v2\/comments?post=612"}],"version-history":[{"count":3,"href":"https:\/\/chaltenadvisors.ca\/blog\/wp-json\/wp\/v2\/posts\/612\/revisions"}],"predecessor-version":[{"id":615,"href":"https:\/\/chaltenadvisors.ca\/blog\/wp-json\/wp\/v2\/posts\/612\/revisions\/615"}],"wp:attachment":[{"href":"https:\/\/chaltenadvisors.ca\/blog\/wp-json\/wp\/v2\/media?parent=612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chaltenadvisors.ca\/blog\/wp-json\/wp\/v2\/categories?post=612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chaltenadvisors.ca\/blog\/wp-json\/wp\/v2\/tags?post=612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}