What your Financial Advisor isnt telling you....
Uploader Comments (BruceFenton)
All Comments (43)
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ty
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Thanks for clarifying that up with concrete examples...oh wait
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is this guy a moron or just pretending?
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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!
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I agree with your points, Bruce - most RIAs are complete clowns who couldn't invest their way out of a paper bag.
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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.
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So you were fired I guess. Sorry man! You should check out Wal-Mart, you could collect shopping cart and stuff!
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Your ignorance is exceeded only by your ignorance. Good Luck!
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.
sleavitt10 9 months ago 2
@sleavitt10 true, too many people have too much in fixed income and behavior is key
BruceFenton 7 months ago
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.
wolffman25 1 year ago 3
@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
BruceFenton 1 year ago