What your Financial Advisor isnt telling you....

[makeiteasyable]

ty

[desperado32386]

Thanks for clarifying that up with concrete examples...oh wait

[anthonycottone]

is this guy a moron or just pretending?

[sleavitt10]

Being a Financial Advisor myself with nearly $100M in assets under management I believe my opinion should hold some weight here.

I agree that a Financial Advisor should not solely use a Ibottson chart as you have discussed here but it definitely should play a role in showing people why they should come out of their ``fixed income bubble``.

On a different note, it is investor behavior that is way more important than investment performance.

[BruceFenton]

@sleavitt10 true, too many people have too much in fixed income and behavior is key

[markfuller042]

Actually we don't really need to have financial advisor.. We just have to know the basic of money management and wealth management.. And we can manage it in our own dramatically!

[views500]

I agree with your points, Bruce - most RIAs are complete clowns who couldn't invest their way out of a paper bag.

[views500]

I think RIAs which don't directly invest are over-rated. If they were talented, they would pick stocks and bonds themselves. If the RIA doesn't know every position cold, then he or she doesn't really understand the risk-reward of the portfolio. Most RIAs are just salespeople spending all their time raising assets. Most RIAs couldn't do proper analysis of a stock and went to some podunk school. Some obviously are good, but those are ones which are real investors.

[thumber56]

So you were fired I guess. Sorry man! You should check out Wal-Mart, you could collect shopping cart and stuff!

[hampten04]

Your ignorance is exceeded only by your ignorance.  Good Luck!

[brumhumm]

How Bout S?T?F?U?

[lovepeace2you]

Crisis generally results in inflation and ultimately higher stock prices... so the chart is right... the market will be higher than it is today it will just take time...

[abedishot]

shut up u fucking twat. u aint got 2 bucks in ur bank. wanker

[KingWilliamMB]

@abedishot hwo you´re laking with ??

[wolffman25]

Your arguements are general and unfounded.

Funny because that's what you're accusing financial planners of doing.

Take the video down and stop wasting 2 minutes of people's lives.

[BruceFenton]

@wolffman25 you haven't seen this pitch 1000 times? I have. Thats my only argument- is that many planners make this silly pitch- without recognizing that things are much more complex than that

[alcott2008]

I watched this and really didn't think it warranted a response. I doubt he made enough money to invest for himself in the first place. Well there Mr. Fenton, your blather was all good and well except for the small problem that your missing facts to back up your claim. It was like listening to one big, long run-on sentence of crap. I kept waiting for you to explain why you disagree...yet...nothing. Remember to greet me as I stroll through the doors of Wal-Mart when you're 85. Stick with CD's.

[BruceFenton]

@alcott2008 CDs? Not at all - the point is that the market has had many long-term downward periods (including one we are in now) such as times like 1968 to 1982 when the market was essentially flat for over a decade- no CDs, are not the solution --- but advisers who blindly believe the 'market will always go up' line have never been right

[pibada2]

nonsense. i don't know any adivsor/consultant/wealth manager who uses that silly pitch.

not sure what your background is, but obviously if that's how you were taught, it must've been a chop shop.

[06033970]

timing out of the market which is important so pls dont try and educate the public about something u dont really understand about !!! by the sounds of it u know nothing about investment nor being a financial advisor u cant even back up ur claims about lying financial advisors!!! pls shut up and hide in a corner u loser ... negative fucker u will get nowhere in life...

[06033970]

they are not lies its is generally true that indexes go up over time but even in ur little world they dont go up it doesnt mean u cant make money for the client as long as there are highs and lows u can make an investment u can take advantage of the difference for example applying dollar cost averaging u can split a lump some of money into a set amount and buy a certain fund or indexes at set intervals such as monthly, generally when u buy is not the big concern its the timing out of the market

[06033970]

also when u invest in an fund u can select a direct fund or through a regular savings plan where fund switching is free and unlimited and in this case as a GOOD financial advisor u would regularly review what ur client is purchasing in terms of their investment portfolio and where appropriate u would apply certain tools to reduce investment risk such as dollar cost averaging and lock profit where needed and switch funds to market conditions there are endless ways to make money for a client !

[BruceFenton]

@06033970 Dollar cost averaging is the solution? Please. Im talking about a widely used marketing scheme that leads clients to believe that markets always go up (and most advisers believe this as well) - they don't- there are many long periods in history when the markets do not go up

[06033970]

Bruce I think u might have had some bad expirience whilst acting as a financial advisor because being a good financial advisor its firstly not only about investment but lets assume it is... investment doesnt only invest in a single market such as america as u have used, secondly investment doesnt have to equities it can be via an investment fund which could invest in multiple markets or various investment tools such as bonds, options, warrants, commodities, insurance etc

[BruceFenton]

@06033970 Obviously, that is my whole point -- I focus on non-US investments, commodity related investments etc etc etc --- most advisors are still living in 1980 with 80% allocations to the US because of the Ibottson chart

[CameronAskew1]

Bruce I agree with you that most advisors don't know what they're doing. I also extend that to say that you don't know what you're doing either.

First, the US equity markets have averaged about 10% for the last 80 years (yes that's 10% APY, not average annual return..VERY different). About 6% of that is as a result of appreciation and 4% from dividend payments.

Yes, there are downfalls, but especially for a young person, the equity markets beat most other places to put your money.

[BruceFenton]

I recommend equities often for clients - the problem I'm pointing out in this video is the blind and misguided propaganda by some in the industry -- for example if you placed funds in equities in 1968 or so it would have been a long time before break even - recent years are a similar story

[mvacanti]

ok you offer no logical reasoning why the market is not a good place to invest now. so tell me -- if the market is such a bad idea --- where should ppl invest their money? why after all these years of increasing will it suddenly stop?? You are just a salesman who wants to bash the overall market and sell your high fee mutual funds to your clients. so what should people invest their money into?DO NOT LISTEN TO THIS GUY -- HE IS JUST A SALESMAN FOR HIGH FEE MUTUAL FUNDS AND NOT A TRUE ADVISOR!!!

[BruceFenton]

The US market is flawed for many reasons - mainly decline in global competitiveness, overall debt rations, lack of exports and declining international influence - economically we have many problems and printing new phony money or borrowing from China will not solve them -- "all these years of increasing" plays exactly into the marketing plans you seem to dislike -- what on earth in this video or anything else gives the impression that I'm recommending 'high fee funds' as a solution?

[CameronAskew1]

Also Bruce - you don't have to invest solely in the US markets. There are thousands of foreign mutual funds and it's a great way to diversify your portfolio.

Also, when you make videos or arguments in general, try to back them up with facts and reasoning rather than just saying that somebody else is wrong.

[wojtek0000]

I was going to subscribe but your video has no thesis, nor argument, nor does it have a conclusion. What's your point/purpose?

[BruceFenton]

Basically that most financial advisors are not telling the whole story-- usually because they dont know much about how the world and the economy really work

[pibada2]

speak for yourself, son. MOST advisors actually DO know what they're talking about. and most advisors DO NOT use your silly pitch as you falsly claim. do some research before you make a fool out of yourself.

[BruceFenton]

You haven't seen this same pitch? The Ibbotson chart sells 100s of thousands of copies per year - I've been an advisor for 17 years and seen this pitch hundreds of times

[BruceFenton]

@pibada2 you dont know that the Ibbotson chart and its newer buddy the Callan Table is by far the most widely used financial marketing material? You haven't seen this in the brochures of virtually every major mutual fund company? You havent seen this in the offices of virtually every major brokerage? Who then is buying the hundreds of thousands of these charts?

[Ckordobah]

Wish I could hear the rest of what you wanted and or needed to say :o)

[myscrooge]

Good info. Nice way to teach, I would consider analogically using that with everything. Spark of gentle and sarcastic humor, honestly though some constructive criticism, Bill Gates loved to hear it, You keep things simple, very understandable, however.. Your kind of conventional.lol Great vid.

[PeakedEarth]

Take the value of the dollar losing 97% of its value since 1913 and the chart will look just like that.  There is no growth, you just need more dollars to buy somthing. Inflation adjust that chart, it will almost be a flatline.

[BruceFenton]

thank you

[bsaorders]

So true - That graph is usually of the Dow 30 in which the companies have been switched out around 150 times - Why? Because they were failing and we can't have the Dow continue to go down. So take out the bad company and put in a healthier one. What a scam! GM and Citigroup are now out!