Comments on: Financial Advisor Suicide http://wheredoesallmymoneygo.com/financial-advisor-suicide/ A personal finance blog written by Preet Banerjee Sat, 11 Feb 2012 16:22:10 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: Intelligent Speculator | Financial Ramblings http://wheredoesallmymoneygo.com/financial-advisor-suicide/#comment-3106 Intelligent Speculator | Financial Ramblings Sat, 04 Apr 2009 19:41:55 +0000 http://www.wheredoesallmymoneygo.com/?p=1053#comment-3106 [...] 9-Financial advisor suicide by WhereDoesallMyMoneyGo:) More on this topic (What's this?) Top Hedge Fund Manager Losers of 2008 (market folly, 3/30/09) Ray Dalio Is Proud Owner Of World's Largest Hedge Fund (Zero Hedge, 3/4/09) Read more on The Impact of Hedge Funds at Wikinvest If you liked this article, you might want to sign up for my FULL RSS FEEDS. Then, you will get my daily posts in your email and can read them at any time. To subscribe CLICK HERE [...] [...] 9-Financial advisor suicide by WhereDoesallMyMoneyGo:) More on this topic (What's this?) Top Hedge Fund Manager Losers of 2008 (market folly, 3/30/09) Ray Dalio Is Proud Owner Of World's Largest Hedge Fund (Zero Hedge, 3/4/09) Read more on The Impact of Hedge Funds at Wikinvest If you liked this article, you might want to sign up for my FULL RSS FEEDS. Then, you will get my daily posts in your email and can read them at any time. To subscribe CLICK HERE [...]

]]> By: Canadian Money http://wheredoesallmymoneygo.com/financial-advisor-suicide/#comment-3105 Canadian Money Tue, 31 Mar 2009 20:40:30 +0000 http://www.wheredoesallmymoneygo.com/?p=1053#comment-3105 The stock market is - from a practical point of view - a random walk for most people. This I suspect includes the vast majority of financial advisors. Its the blind leading the blind and the investors are being told "what they want to hear". By a random walk I mean something that most people can't predict. Its not that it can't be predicted it is just that the majority are unable to do it. In short...if its not done intentionally, with knowledge that it is a scam, then its not your fault. So don't kill yourself over it. CM The stock market is – from a practical point of view – a random walk for most people. This I suspect includes the vast majority of financial advisors. Its the blind leading the blind and the investors are being told “what they want to hear”. By a random walk I mean something that most people can’t predict. Its not that it can’t be predicted it is just that the majority are unable to do it.

In short…if its not done intentionally, with knowledge that it is a scam, then its not your fault. So don’t kill yourself over it.

CM

]]> By: Canadian Dream: Free at 45 » Blog Archives » Wander Reading #16 http://wheredoesallmymoneygo.com/financial-advisor-suicide/#comment-3104 Canadian Dream: Free at 45 » Blog Archives » Wander Reading #16 Tue, 31 Mar 2009 12:22:14 +0000 http://www.wheredoesallmymoneygo.com/?p=1053#comment-3104 [...] Preet has an interesting lead on financial advisor suicide. [...] [...] Preet has an interesting lead on financial advisor suicide. [...]

]]> By: Mark Wolfinger http://wheredoesallmymoneygo.com/financial-advisor-suicide/#comment-3103 Mark Wolfinger Mon, 30 Mar 2009 13:51:46 +0000 http://www.wheredoesallmymoneygo.com/?p=1053#comment-3103 Certainly a sad story. As to why one might blindly follow the company's investment ideas: It's much less work to trust and sell the company recommendations. Certainly a sad story.

As to why one might blindly follow the company’s investment ideas: It’s much less work to trust and sell the company recommendations.

]]> By: tom http://wheredoesallmymoneygo.com/financial-advisor-suicide/#comment-3102 tom Mon, 30 Mar 2009 13:43:36 +0000 http://www.wheredoesallmymoneygo.com/?p=1053#comment-3102 Wow that is fortunate but I remember working for a network company and they classified you as a financial advisor but really when you look at it you look at it it was just sales, if someone asked me something technical i would choke. It might be the whole idea of basically everyone jumping on the bandwagon because everything is going up and people are making a killer on the stock market, so you will see the girl at the grocery store cashier giving you her business card so she can do your investments. Wow that is fortunate but I remember working for a network company and they classified you as a financial advisor but really when you look at it you look at it it was just sales, if someone asked me something technical i would choke.

It might be the whole idea of basically everyone jumping on the bandwagon because everything is going up and people are making a killer on the stock market, so you will see the girl at the grocery store cashier giving you her business card so she can do your investments.

]]> By: TStrump http://wheredoesallmymoneygo.com/financial-advisor-suicide/#comment-3101 TStrump Mon, 30 Mar 2009 06:27:21 +0000 http://www.wheredoesallmymoneygo.com/?p=1053#comment-3101 What a sad story, especially if advisers trusted the recommendations of their firms and didn't fully understand them. It begs the question - what were the recommendations based on ... quality of investment or other factors? What a sad story, especially if advisers trusted the recommendations of their firms and didn’t fully understand them.
It begs the question – what were the recommendations based on … quality of investment or other factors?

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