| When it comes to investing, most
people who lose in investing do so, not because of ability,
knowledge, or skills, but rather due to a series of poor decisions,
bad advice, and critical mistakes. Many of which were completely
avoidable! I have seen so many people take big losses, pay exorbitant
fees, pay too much in taxes, and buy and sell at the worst possible
times.
If you have been unsuccessful at investing, chances are it's
not completely your fault. Don't hear me wrong! I am a huge
fan of personal responsibility and accountability. However,
with bad advice being the norm, it is very difficult for the
average investor to cut through the noise, to discern fact
from fallacy, and make the correct choices. Here's the world
you face:
* Radio show hosts giving idiotic opinions on investing without
knowing your situation
* Arrogant journalists and publishers trying to sell newspapers
& magazines giving you advice when they themselves have
never had success
* Billions in advertising dollars from major Wall Street firms
dictating what's in your best interests when they're taking
bailouts
* Friends and family who also had been unsuccessful giving
you investment and financial advice
* TV shows with self proclaimed experts giving you rules of
from in generic advice and expecting you to be able to do
something with it
* Online "idea of the day" bloggers giving you a
smorgasbord of financial advice which may or may not have
good advice, but certainly not tailored to your specific unique
needs.
* Commission hungry financial brokers, advisors, or planners
selling you products and services over advice and solutions
And you thought the odds were in your favor?
It is no wonder during the panic of 2008 and 2009, all the
life savings of millions of Americans plummeted in value.
Where was the alarm bell? Someone surely must have seen this
coming? The truth remains that most Wall Street firms have
no clue what the markets will do from year to year. Yet many
investors trusted their advisor or firm to protect them from
taking the kinds of losses that took place.
Even with the substantial losses, many more mistakes are
taking place. I have seen so many people stricken with fear,
standing on the sidelines, wondering when the recovery will
take place. The markets have advanced over 50% from the low
point yet many people still wonder when the market recovery
is going to take place. Too many impulsively make bad investment
decisions and create further predicaments because they don't
know what else to do. They long for solid and practical advice
yet have no clue where to find it.
So where do you turn?
Rather than running from advisor to advisor, changing accounts
from firm to firm, or seeking a savior, other than The Savior
Jesus Christ, it starts with your education. You can't expect
someone else to bail you out of trouble. It all starts with
you! You have the power to change your financial future if
you are willing to put in the time energy and effort.
There is no one-size-fits-all solution. The truth is there
is no shortage of good ideas: Stocks, bonds, real estate,
options trading, commodities, exchange-traded funds - there
are dozens of ways to invest. Chances are you've probably
tried some or many of these options. How successful have they
been? If those ideas made you rich, why are you reading this?
Benjamin Franklin once said, "An investment in knowledge
always pays the best interest." With this in mind, my
life's focus is dedicated to helping people like you make
an investment in the most important place: YOU! Your education
is the key to your future success. If you want to grow your
wealth, you cannot keep doing the same things you've done
in the past and expect different results. You probably tried
a lot of ideas with little to no success. This is okay. In
fact better than ok, it's perfect! Perfect because you've
seen what hasn't worked and you now know there has to be a
better way.
I Found A Better Way!
Throughout the past 15 years, I have been managing millions
of dollars for people just like you. I've spent years studying
for the CFP designation, years getting my masters degree in
financial planning, and working for some of the largest firms
on Wall Street. Then finally I had enough! I was tired of
working for firms that claim to have the best interest of
their clients at heart but their decisions clearly indicated
otherwise.
The chain of command often does not work in your favor. If
your firm is publicly traded, shareholders come before you.
If you invest in mutual funds, your manager gets paid whether
he makes you a dime or not. Mutual funds spend billions each
year selling you product yet very few outpace their benchmark.
If you invest at a bank or credit union it's often about fee
revenue more so than making you money. If you invest with
an insurance company often it's about making a commission
and there is little incentive for servicing your account.
In the end, it boils down to the fact that you need to educate
yourself. Do some homework; check out the advisors you are
considering working with. You need to be involved in your
investment decisions and not just implicitly trust an advisor
with your money without ever asking a question. Doing these
things will turn the odds in your favor and pave the way to
your financial security and success.
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