Inside the investment industry, a type of civil war is raging. Advisors vs Brokers. Fiduciary vs Suitability. I think this whole argument is ridiculous.
Wall Street Steward Blog
I often get heckled for using too many analogies when communicating with people, but I have found that the most effective way for me to make a complex topic simple is to find a story, paint a proverbial picture, and compare it to the difficult concept.
Just to refresh your memory, if I write a “case study” blog, it is an event that actually happened. I do not make these up, although I might embellish a bit to make the stories more interesting. That is creative license, and believe me, as the reader, you should thank me….if I told these “to-the-detail” how they actually happened, my blog would morph into the prescribed treatment for insomnia.
As you all know, I am an analogy person. In the investment business, we are charged with making complex topics simple, and analogies are the tool that I use to accomplish this task.
For movie buffs like me, summertime is the best season of the year because normally Hollywood chooses to release the large “blockbuster” films during the warm months. One can speculate about the possible reasons for this, but it is a phenomenon that has existed since Jaws debuted in the summer of 1975.
The next time you are in public, and the subject of investing rears its ugly head, listen closely. Inevitably, there will be an obnoxious male bragging about buying a stock at $1 per share while watching it rise meteorically to $10.
We are now a full 4 weeks into 2012 – how are those resolutions holding up? I have never understood why we need a new calendar year to decide to commit to something that we know we should have done years ago.
Just thought I would get that fact out there for all to see.
I have never had an account minimum. Don’t believe in them. I believe that people need help managing their investments, no matter how big or small their accounts may be.
About a month ago, my parents received an invitation to a financial seminar. This is very common since they are retired and live in a decent neighborhood. Being the good Dad he is, my father always gives me the invitations they receive so that I can copy the good marketing ideas.