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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 79083  
Subject: Re: Bad Investment Advice from Dave Ramsey Date: 9/29/2013 11:17 PM
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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.


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.


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.

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