Many financial advisors recommend that you diversify for your own protection. What they fail to tell you is that it is also for their protection. Since most financial advisors cannot tell you exactly which stock or mutual fund is a great investment, they tell you to buy a bunch of them.
Know what you own, and know why you own it.
The safe way to double your money is to fold it over once and put it in your pocket.
An investment in knowledge pays the best interest.
I rob banks because that's where the money is.
The reason so many financial advisors are called brokers is because they are often broker than you.
Bottoms in the investment world don't end with four-year lows; they end with 10- or 15-year lows.
The stock market is filled with individuals who know the price of everything, but the value of nothing.
I never dreamed I would want to be or become a financial advisor.
Perhaps the most important job of a financial advisor is to get their clients in the right place on the efficient frontier in their portfolios. But their No. 2 job, a very close second, is to create portfolios that their clients are comfortable with. Advisors can create the best portfolios in the world, but they won't really matter if the clients don't stay in them.
If you're uncomfortable with your financial advisor, it's probably with good reason.
Thankfully, in my youth I had the best financial advisor a son could ask for: my dad Walter. When I got that first signing bonus in 1978, Dad took my cheque, announced, 'This is what we're going to do,' and bought an annuity with it.
Women look at their bodies, and they're never thin enough. The financial advisors that I've talked to say they ask their clients, "How much money do you need in order to feel secure?" "X amount." Then, as soon as the client got the amount, it would double automatically.
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