MONEY Master the Game: 7 Simple Steps to Financial Freedom (Tony Robbins Financial Freedom)

by Anthony Robbins

I want you to imagine that someone comes to you with the following investment opportunity: he wants you to put up 100% of the capital and take 100% of the risk, and if it makes money, he wants 60% or more of the upside to come to him in fees. Oh, and by the way, if it loses money, you lose, and he still gets paid! Are you in? I’m sure you don’t need any time to think this through. It’s a no-brainer. Your gut response has to be, “There’s no way I’m doing this. How absurd!” The only problem is that if you’re like 90% of American investors, you’ve invested in a typical mutual fund, and, believe it or not, these are the terms to which you’ve already agreed. That’s right, there is $13 trillion in actively managed mutual funds3 with 265 million account holders around the world. How in the world do you convince 92 million Americans to participate in a strategy where they willingly give up 60% or more of their potential lifetime investment upside with no guaranteed return?