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<p>[QUOTE="Robert Ransom, post: 6450173, member: 97872"]How many <i><b>savvy</b></i> investors have investment advisors? I have <i><b>never</b></i> spoken to one <i><b>altruistic</b></i> investment advisor because it's all about the money. The analogy of not putting all of your eggs in one basket is ridiculous because, in practice, this is what was done for centuries. No one gathered or stored eggs individually, but advisors are the first to use this phrase and, yes, I understand diversifying a portfolio. Can they build build financial wealth for you, yes, but it's going to cost you for this advice. If you are a small fish in the large pool of an advisor, you will be one of the last consulted when calamity arises because the big fish always get first priority.</p><p>Now, before you say I don't know what I'm talking about, I and many other people I have spoken to, have first hand experience of how the system works. Remember, you are a minnow, your advisor is a perch, most Wall Street advisors are sharks and then there are the whales. My advice, become market learned and DIY.[/QUOTE]</p><p><br /></p>
[QUOTE="Robert Ransom, post: 6450173, member: 97872"]How many [I][B]savvy[/B][/I] investors have investment advisors? I have [I][B]never[/B][/I] spoken to one [I][B]altruistic[/B][/I] investment advisor because it's all about the money. The analogy of not putting all of your eggs in one basket is ridiculous because, in practice, this is what was done for centuries. No one gathered or stored eggs individually, but advisors are the first to use this phrase and, yes, I understand diversifying a portfolio. Can they build build financial wealth for you, yes, but it's going to cost you for this advice. If you are a small fish in the large pool of an advisor, you will be one of the last consulted when calamity arises because the big fish always get first priority. Now, before you say I don't know what I'm talking about, I and many other people I have spoken to, have first hand experience of how the system works. Remember, you are a minnow, your advisor is a perch, most Wall Street advisors are sharks and then there are the whales. My advice, become market learned and DIY.[/QUOTE]
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