financial planners Archive

  • Be careful of financial planners, but a good one who charges only a fee will be easier to find than a broker. Some are CFPs, Certified Financial Planners. That doesn’t mean they know how to make money. Most have the same training as brokers – all bad. You definitely don’t want one with ties to any financial organization or brokerage company.

    Changing Brokers/Financial Planners

    Posted on March 10, 2011 | No Comments
    Be careful of financial planners, but a good one who charges only a fee will be easier to find than a broker. Some are CFPs, Certified Financial Planners. That doesn’t mean they know how to make money. Most have the same training as brokers – all bad. You definitely don’t want one with ties to any financial organization or brokerage company.

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  • First thing you need to do is make them prove they know what they are doing. Every professional should have a model portfolio. One of the answers you will get is there are several different types and they may not be what you need. Capital BS. Tell them bluntly unless you see are real time (not hypothetical) portfolio you are going to hang up. Period. Any hesitation and you do hang up. He is ashamed of his performance and you have escaped with your funds in tact.

    Mattress Money

    Posted on January 3, 2011 | No Comments
    First thing you need to do is make them prove they know what they are doing. Every professional should have a model portfolio. One of the answers you will get is there are several different types and they may not be what you need. Capital BS. Tell them bluntly unless you see are real time (not hypothetical) portfolio you are going to hang up. Period. Any hesitation and you do hang up. He is ashamed of his performance and you have escaped with your funds in tact.

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  • The famous $3.00 dividend of Microsoft saw the stock price at $30 on Monday and $27 on Tuesday. The stock didn’t go down. The company gave back to stockholders part of their own money. It was capital distribution. Furthermore the investor had to pay tax of 15%. Capital distributions should not be taxed like this. Go tell the IRS.

    The Fallacy of Dividends 2

    Posted on December 28, 2010 | No Comments
    The famous $3.00 dividend of Microsoft saw the stock price at $30 on Monday and $27 on Tuesday. The stock didn’t go down. The company gave back to stockholders part of their own money. It was capital distribution. Furthermore the investor had to pay tax of 15%. Capital distributions should not be taxed like this. Go tell the IRS.

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  • Brokers are taught that it is impossible to time the ups and downs of the market. Market timing is beautifully simple, but they don't want to know how to do it even for their own accounts.

    Wall Street’s 10 Biggest Lies

    Posted on August 18, 2010 | No Comments
    Brokers are taught that it is impossible to time the ups and downs of the market. Market timing is beautifully simple, but they don't want to know how to do it even for their own accounts.

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  • When a bear market that collapses 20, 30, 40% or more ALL STOCKS go down and in that bear market many “good” companies reduce their dividends. Some companies even borrow money to pay a dividend. How dumb is that?

    The Fallacy of Dividends

    Posted on August 7, 2010 | No Comments
    When a bear market that collapses 20, 30, 40% or more ALL STOCKS go down and in that bear market many “good” companies reduce their dividends. Some companies even borrow money to pay a dividend. How dumb is that?

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  • Brokers, money managers and so-called financial planners all seem to have learned how to lose money. 99% of them have no clue on how to protect a customer’s money.

    Value Investing Equals Nonsense

    Posted on July 22, 2010 | 6 Comments
    Brokers, money managers and so-called financial planners all seem to have learned how to lose money. 99% of them have no clue on how to protect a customer’s money.

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