Advisors Quote by Robert Kiyosaki
“If you don't like the idea that most of the money spent on lottery tickets supports government programs, you should know that most of the earnings from mutual funds support investment advisors' and mutual fund managers' retirement.”
About This Quote
Highlights how ordinary investors indirectly fund financial industry salaries through mutual fund fees, mirroring the hidden public benefit of lottery revenues.
In simple terms: Investors subsidize financial advisors via fund fees.
Key Takeaway
Beware of hidden costs in popular investment vehicles.
Themes
financial literacy
hidden costs
investment behavior
wealth distribution
consumer awareness
Mood
cautious
informed
critical
Type
observational
didactic
When to use this quote
- retirement planning
- personal finance education
- investment decision making
- budgeting for fees
Key Concepts
mutual fund fees
advisor compensation
lottery revenue
public finance
Practical Applications
- financial advisory services
- public policy analysis
Questions to Reflect On
- How do fund fees affect long‑term returns?
- What alternatives reduce hidden costs?
![“[What if my advisor talks only about returns, not risk?] ... It's his job to take risk into account by telling you the range of possible outcomes you face. If he won't, go get a new planner, someone who will get real.” quote by William Forsyth Sharpe](https://sms4smile.com/quotes/img-quotes/7c9/william-forsyth-sharpe-83220_accounts_what-if-my-advisor-talks-only-about-retu_322124.jpg)
