Join Scott and Phil, two experienced financial planners, as they delve into the world of finance and investment. In this episode of the Financial Planning podcast, they discuss the Kelly Bet Principle, a mathematical formula for optimising the size of your bets in relation to your bankroll. The two experts also review the quality of financial advice in the news, losing money in crypto with a SMSF and clients trying to negotiate their fees. Find out if this is a bad move and maybe what you can do to make sure you're getting the advice for your money with your planner.
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