Anytime a seasoned professional states “I hate _____” (really anything) I’m instantly leery.
And I could be wrong here…
Speaking into the financial world, I know there are instruments available that are just outright horrible for the client. Ponzi schemes, unregulated industries and that overseas easy-money thing your neighbor told you about come to mind. Those might be “hate-able”.
But with regulated financial vehicles that have tens or hundreds of billions of dollars placed into them – my gut says they serve a logical purpose.
So as a client, or an advising professional, we need to discuss:
- What’s the person making the statement’s motivation? Short or long term money? Headlines? Notoriety? Website traffic?
- How is the advising professional paid?
- How could they be right, and everyone else wrong?
Want more? All you have to do is ask me.
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