Wall Street Steward Blog


Biggest Investment Misconception

 The biggest pet peeve I have in the financial industry is the statement “I haven’t lost until I sell.” This comes up all the time in speaking with clients, or prospects, or acquaintances. They’ll say things like, “Yes, I’ve lost 20%. I’ve lost 30%. I’ve lost 50%. But, I haven’t lost until I sell.”


What Is Your Risk Tolerance? My 1 to 5 Scale

Today, we’re going to talk about the most important aspect of investing, if you ask me.  What is your risk tolerance?  What is your number?  I use a 1 to 5 scale.  I’ll be the first to say my way is not perfect.  It’s not the only way.  I’m trying not to pick my nose here.  It’s not perfect, alright?  But, it’s worked for me for the last ten to twelve-fifteen years.  And, it’s very simple.  It’s very easy to articulate.  I have seen it as a good judge of actually judging what someone’s true risk is.


My Job Interview Tips

When I entered the financial services industry at the ripe old age of 17 (as an intern), I had no clue what the “do and don’t” etiquette was for an interview.  In my opinion, that is the single most important reason I was able to interview well and break into this industry when most of my friends were trying to secure fake IDs.  I didn’t know any “cliché” questions or “cookie cutter” answers…and I decided to just be myself and let the chips fall where they may.