Question: What makes a financial advisor more brilliant than me? I assume you are one. Have you consistently beat the S&P 500 with no additional risk? If not, why should I choose to have my money managed by someone who is no better than an index fund?kid2kid wrote:You are misinformed, IFA stands for Independent Financial advisor.
Independent of all other companies. I am not talking about bankers or fund managers in this instance but people who advise others on personal issues relating to money.
Ahhh... options... like the foreign investment CD's offered everyday in the local newspapers? Too bad they don't tell you these are credit or interest swaps built on a very complicated model... great until the model proves to be sh*t.akidd wrote:You clearly do not have any holistic planners there then as I don't require commission. I am happy to proceed on fees, retainers or FUM if that makes clients more happy. I would gladly recommend high interest banking accounts if they were in best interest of client.
Also, its not just investments we would deal with!
And as an ex-trader I would be a god position to help with an investment or pension portfolio.
And IFA's are not fund managers, so when you comment about them not beating this index or that index, you should be pointing the fingers at the fund manager, alhough the adviser should be aware of managers performance, tenure etc.
And if you want to invest in some sexier things such as options and CFD's maybe we should meet when i'm there soon. There are some good straddles to be put on at the moment.
I've got a wide open mind. And, I bet you money that within the next three years the combination of complex credit options and hedge funds is going to create one hell of a mess somewhere.akidd wrote:Let me ask you then, did you ever trade for any investment banks??
Apart from your own dabblings, what experience do you have and or/ qualifications??
I see you're into personal growth..........not very good at keeping an open mind about anything financial though, and surely an open mind is key to personal development......i'll leave you with your own belief system about these things as I have better things to do than get in a discussion where you feel the need to use expletives.
Live with passion for excellence!
Users browsing this forum: No registered users and 7 guests