Spend 20 minutes to watch the most entertaining explanation of how Wall Street and brokerage firms take advantage of clients. The filter is off as John explains it as only he can. Yes, there is some explicit language but it is completely appropriate under the circumstances.
If you have a retirement plan you must watch this video. If someone is trying to sell you financial products you have to watch this video. Thanks to John and his team for producing this video.
This video clip will leave you laughing and crying all at the same time. It exposes Wall Street for what it is in language that anyone can understand. Enjoy this video and PLEASE share it with everyone you know.
Communication is such an important thing. Countless books have been written about the subject yet we still struggle to communicate with one another. In the world of financial services, some miscommunication is unintended while some happens to be on purpose. It is hard to question the advice or the validity of an investment strategy when you cannot understand it. The real trick is to know when someone is struggling to communicate with you or if they are purposely trying to talk circles around you. The first is irritating and CAN cost you a lot of money, while the second WILL cost you a lot of money!
I spend some time on the program trying to translate financial speak into common sense. It is hard to translate but well worth it. The difference can mean thousands of extra dollars in your pocket instead of in the pocket of the person trying to sell you a product.
The Active Management/Passive Management Debate (Case Closed)
Later in the program, I provide the basic facts of how active management fails to deliver on its promise of beating the market. I still wonder why so many people believe in the Wall Street Santa Claus of superior performance when study after shows that the Grinch is alive and well in the canyons of Manhattan.
As always I hope you enjoy the show. – Gary
If you would like to contact Gary the best way is through email at email@example.com or you can try him at 916.436.8331.
People are constantly looking for a better way to invest. There are countless books, magazine articles and many other forms of communications promising great returns, magical results and more. However, most if not all, of these get rich quick schemes fall far short of their promise. In this program, I spend the first segment providing my thoughts on what people should be doing to achieve a positive investment experience. This segment should give the average person a decent roadmap of what to do if you are tired of chasing the pot of gold at the end of the rainbow. This segment gives you a very good idea of the underlying philosophy behind how we manage money for our clients.
In the middle segments of the program, I review the list of money rules that financial writer Jonathan Clements of the Wall Street Journal created this year. It is for the most part an excellent list of things to consider to put your financial house in order. Finally, in the fourth segment with just a little time left, I give a brief review of the major themes that might dominate the Consumer Electronics Show (CES) in 2015. The world’s largest electronics and technology show is set to kick off on Tuesday of this week in Las Vegas.
I hope you enjoy this week’s show and thank you for listening. Hopefully each and every one of you will have a healthy and prosperous 2015!
On the program this week I conclude my coverage of the five choices or decisions that everyone faces when they want to be a successful investor. In summary the five choices are:
1) Should you do it yourself or hire someone to help you manage your investments
2) The asset allocation decision (stocks, bonds, cash)
3) Whether to diversify or not (broad and deep diversification or something less)
4) Active vs. Passive (To beat the market or to find the most efficient way to harvest market returns)
5) How often to trade your portfolio (rebalancing)
In this program I cover items three, four and five on the list. I also spend part of one segment highlighting the excellent and timely article from Jim Parker entitled, “The Devil Wears Nada”
I hope you enjoy the program and find it useful and informative. Until next time, all the best – Gary