Why you should not trust anyone when you invest

This is ridiculous and foreign mentality and foreign education. This is not at all true here on our country. This is a way to fool people into going direct again in this the product is financial and someone is selling it(if no one sells it without which one can't buy any product). Also if one goes direct and pays "fees" again there is cost which the writer conveniently has ignored and omitted. What the writer says is there shlouy be no expense kept for manufacturers or sellers which means everyone should do everything for free and just fees is to be paid for everything. We have seen in last 3 years that the mutual funds which the writer himself promotes have not delivered returns even though they have charged higher than the previous charges and the so called advisors have still charged them the same amount of fees where as distributors got less commissions because of the loss to the investors which clearly means that distributors only earn when investors earn and advisors and manufactures earn whether investors make money or lose.

The conclusion is that only by bashing the distributor to get business is a demented way of getting the business and clearly means that you don't have enough capability to earn on your own.

Also in cars or jackets or mobile phones also there are sellers whether manufacturers or dealers or we aggregators and many more. The cost of all the products also have in built cost of a these people which means that you want only manufacturers to sell which is silly because they also have to "sell" and they also keep margins which they earn.

In fact financial products are where you should have a distributor who knows and understands it because it is a Zero Sum Game. No investor in the world are equipped enough to understand the financial products and invest on their own and always need a person in between to help him or her in making the decisions. Also we have seen so many fee based advisors misselling and losing their licenses but still fee based advisors are promoted by the regulator and the government which would imply that they want to take away money from investors and make the corporates rich because in direct they only earn and in fact earn maximum.