My only question to any financial planner - is for them to show me audited statements for what % were they recommending to clients in 2007 for high net worth individuals to be invested in the stock market, and what % was recommended for straight cash.
If it was over 10% to be invested - in other words 11% to 80%, dump them.
Sure...your point being what? If you don't need to spend the money now (or even in the foreseable future), your advice would absolutely cripple someone over the long term.
@AirelonTrading - if you need advice that predicts the future then I suggest you go to a clairvoyant !!! A financial planners job is to make the investment tax effecient and to create a portfolio that balances risk & return in accordance with a client risk profile. No-one can predict the future.
@bributcher Who said anything about predicting the future? Did I? No. You probably are not aware of who I am, or what I've done this last year.
My point, is that most CFP's are still using outdated Gaussian linear Modern Portfolio Theory - w/ outdated bell curves. Problem being, the markets aren't linear - like any complex system - they are non-linear and need to be approached in such a manner.
In 2007- those who follow non-linear outlays knew what was coming ...
@bributcher That being said ... my original comments were to help people expose those who were still using outdated theories - such as Modern Portfolio Theory - which many people do.
I understand that most people do not have my expertise, my knowledge, or my skill set. Most can't do what I do, unless they're willing to dedicate the time neccessary to learn.
But I sure as heck can help steer people towards a competent CFP - rather than one that is looking in a linear mindset.
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seritavanscyocmnh 1 year ago
good explanation
MrBaki56 2 years ago
My only question to any financial planner - is for them to show me audited statements for what % were they recommending to clients in 2007 for high net worth individuals to be invested in the stock market, and what % was recommended for straight cash.
If it was over 10% to be invested - in other words 11% to 80%, dump them.
AirelonTrading 2 years ago
Sure...your point being what? If you don't need to spend the money now (or even in the foreseable future), your advice would absolutely cripple someone over the long term.
p4jkafla 2 years ago
@AirelonTrading - if you need advice that predicts the future then I suggest you go to a clairvoyant !!! A financial planners job is to make the investment tax effecient and to create a portfolio that balances risk & return in accordance with a client risk profile. No-one can predict the future.
bributcher 1 year ago
@bributcher Who said anything about predicting the future? Did I? No. You probably are not aware of who I am, or what I've done this last year.
My point, is that most CFP's are still using outdated Gaussian linear Modern Portfolio Theory - w/ outdated bell curves. Problem being, the markets aren't linear - like any complex system - they are non-linear and need to be approached in such a manner.
In 2007- those who follow non-linear outlays knew what was coming ...
AirelonTrading 1 year ago
@bributcher That being said ... my original comments were to help people expose those who were still using outdated theories - such as Modern Portfolio Theory - which many people do.
I understand that most people do not have my expertise, my knowledge, or my skill set. Most can't do what I do, unless they're willing to dedicate the time neccessary to learn.
But I sure as heck can help steer people towards a competent CFP - rather than one that is looking in a linear mindset.
AirelonTrading 1 year ago
you can make money, of course... from client's commission.
Stock market - one fruit steals from another.
archiebunkerfan 2 years ago
annette findling is my neighbor!!
AvA805 3 years ago
Is this a coincidence or what? My brother,is
Darren Findling and he owns Stonebridge Real Estate. wow!
danielfindling 4 years ago