many people compare investing to gambling, I don't think gambling when I invest my money! investing is some thing you or I do to make money. and gambling is just for fun, if your walking into a casino and putting your money down on the roulette table, thinking I'm making an investment you need help.
Buffett is not a technical trader, he is a value investor , following the footsteps of Ben Graham. It's more likely that Buffett can be viewed as a guy who takes over young companies and is an extremely competent board member....
I think he is exaggerating to make a point: paying someone fees to make guesses in a market that is highly efficient is ludicrous. Most people don't have a clue what how to invest anyway so they hire someone who they HOPE will do the job right.
then he seems to like to get her out of the funds that he puts her into, getting her to then buy back into them at a much larger amout. for example the fund went down to 20 dollars a shart, and he had her buy back into it at amost 50 dollars a share! Thank you for your time in reading this thanks for posting your very informative video.
as a side note, this particular advisor likes to shuffel large amouts of paperwork in frond of you with all sorts of charts and numbers and kept her in the office for almost 2 hours, trying very hard to get her into the funds that he was pushing. last part follows:
I am now very concerned about him "advising" my mother alone. She is somewhat elderly and is the type of person who trusts people expecting them to do what is in their best interest. He kept saying when I would bring up the 3% fee..."thats not true!!!" in a very loud voice, but then failed to explain what his true fees really are... God bless you in helping to spread the word on these people. "part 3 follows"...
Thanks for your video. I went in with my Mother to see her investment advisor, and brought up some of the points that you made here, and he immediately went into defensive mode and kept giving me the "evil eye" trying to make it seem like he was on my moms "side" and that I was a fool...he even went on to interrupt me by saying "please be quiet". part 2 next:
It's interesting that this man claims as though Wall Street has by design taken investors money over time, and that no one has gained any wealth. He alludes that Financial Advisors and the system are the ones profiting from trading investments. This is a blatant falsehood. Financial Advisors and their firms are like Doctors, there good ones and bad ones. The key is to find a good one and that is to simply have a friend refer you to one that has made them money over the long term.
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I think I have to say this again... this guy is probably good, but his weakness, is he is unable to connect with the common person
markfuller042 1 year ago
many people compare investing to gambling, I don't think gambling when I invest my money! investing is some thing you or I do to make money. and gambling is just for fun, if your walking into a casino and putting your money down on the roulette table, thinking I'm making an investment you need help.
happyseniors2000 1 year ago
wow man halfway through this video i had a headache from all the whistling
scottataylorfresno 1 year ago
Buffett is not a technical trader, he is a value investor , following the footsteps of Ben Graham. It's more likely that Buffett can be viewed as a guy who takes over young companies and is an extremely competent board member....
asimonia 2 years ago
I think he is exaggerating to make a point: paying someone fees to make guesses in a market that is highly efficient is ludicrous. Most people don't have a clue what how to invest anyway so they hire someone who they HOPE will do the job right.
asimonia 2 years ago
is this another scam? and do they have a school for this?
Chedat03 2 years ago
then he seems to like to get her out of the funds that he puts her into, getting her to then buy back into them at a much larger amout. for example the fund went down to 20 dollars a shart, and he had her buy back into it at amost 50 dollars a share! Thank you for your time in reading this thanks for posting your very informative video.
roger5845 2 years ago
as a side note, this particular advisor likes to shuffel large amouts of paperwork in frond of you with all sorts of charts and numbers and kept her in the office for almost 2 hours, trying very hard to get her into the funds that he was pushing. last part follows:
roger5845 2 years ago
I am now very concerned about him "advising" my mother alone. She is somewhat elderly and is the type of person who trusts people expecting them to do what is in their best interest. He kept saying when I would bring up the 3% fee..."thats not true!!!" in a very loud voice, but then failed to explain what his true fees really are... God bless you in helping to spread the word on these people. "part 3 follows"...
roger5845 2 years ago
Thanks for your video. I went in with my Mother to see her investment advisor, and brought up some of the points that you made here, and he immediately went into defensive mode and kept giving me the "evil eye" trying to make it seem like he was on my moms "side" and that I was a fool...he even went on to interrupt me by saying "please be quiet". part 2 next:
roger5845 2 years ago
this guy is probably good, but his weakness, is he is unable to connect with the common person
greg5798johnson 3 years ago
i agree murphy.
pooonastik1 3 years ago
this guy is a douche bag.
murphy9238481 3 years ago
It's interesting that this man claims as though Wall Street has by design taken investors money over time, and that no one has gained any wealth. He alludes that Financial Advisors and the system are the ones profiting from trading investments. This is a blatant falsehood. Financial Advisors and their firms are like Doctors, there good ones and bad ones. The key is to find a good one and that is to simply have a friend refer you to one that has made them money over the long term.
stratosurfer 3 years ago