ARE YOU SATISFIED WITH THE FINANCIAL ADVICE YOU ARE RECEIVING?


Are you Satisfied with the Financial Advice you are Receiving?
“If you can’t explain it simply, you don’t understand it well enough”
Albert Einstein
How long are we going to subscribe to the typical investment advice on just building assets for retirement?  Is there a better way?  While we are talking about it, is investing only in stocks or stock funds really diversification?  When we have another stock market correction, will it only affect large-cap stocks? Small-cap? Emerging markets? International markets?  Finally, should financial planners keep forecasting future results in their overly complex financial plans riddled with too many assumptions? 
If you follow my blog, you will notice a common theme in my writing—typical financial investment advice has failed.  The baby boomer generation in retirement now validates the poor investment advice provided to investors in previous years.  What happened to the 401K?  Where are the defined pension programs?  What is riskier, taking a chance on a solid real estate investment outside the stock market or running out of money in retirement?  How many people have heard their financial advisor talk about alternative investments in real estate, commodities, hedge funds, liquid alternatives, oil and gas leases, bridge loans, crowdfunding, peer to peer lending, and life settlements?  Lastly, where do you find the real financial advisor?  Is a financial advisor a stockbroker?  Financial planner?  Investment manager?  Investment advisor?  Insurance and annuity agent?  What is up with all these initials after their name anyway?  We need one standard—one universal recognized credential.  If I tell you to speak with a CPA, you know I mean a certified public accountant.  Will the real financial advisor please stand up!
Gerald House
“The Contrarian Investor”

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