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Welcome to Stealthy Wealth, a personal finance blog where you will find my thoughts on Investing, Cutting Costs, Financial Discipline and any other randomness that pops into my head as I aim for early retirement and financial independence in 2030 at the age of 45. You can view my progress towards this goal on the Tracker Page.

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Monday, 18 February 2019

A Reader's Story - The Great Rip Off

Seems fair? 
I recently wrote about one of the great rip offs of investing – financial advisers who charge percent based fees. My main issue with the way these advisers operate is that, despite them using the same set of skills, the same amount of time, and the same resources for each client, the clients with more money pay more.

As your investment grows, your adviser takes more and more money from you, despite him performing the same service.