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URL:  http://boards.fool.com/rayvt-writes-his-dave-ramsey-investment-advice-30894361.aspx

Subject:  Re: Bad Investment Advice from Dave Ramsey Date:  9/29/2013  11:17 PM
Author:  intercst Number:  73374 of 74759

Rayvt writes,

His {Dave Ramsey] investment advice is crap, though. And his ELP/kickback program is unethical, IMHO. He's taking advantage of the people who have self-identified as being financially incompetent, when they are vulnerable.

</snip>


If you look at the Dave Ramsey Shaft Detector (see link below), someone paying a 5.00% load plus the average mutual fund's expense ratio and trading costs of 2.09% would lose about half the value of his retirement portfolio to Dave Ramsey and his confederates over 40 years.

http://retireearlyhomepage.com/daveramsey.html

That means more elderly retirees on Food Stamps and in Gov't subsidized housing. Every taxpayer has a stake in exposing this kind of "legalized" retirement fraud.

intercst
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