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  * **The wealth management** industry has no skin in their game. And it really is a game for them (with your money). And in most cases, 'the middle people' have no obligation to put your interests first; no fiduciary duty. Do not outsource the job of managing your retirement portfolio to a professional. Most are infected with modern portfolio theory and do not realize that only four percent of companies provide most of the return. They want to sell you scores of securities (ETFs). And professional don't beat the market. As a result, they have changed the yard stick. Nasty people! Now they have their own benchmark so folks won't notice professionals are losers, most of the time. Learn to invest on your own. It is easier selecting a few quality dividend growth stocks (and that's all you need) than being sold one of over one thousand ETFs. Most are steerage class. The ETF you are sold depends upon the advisor latched onto you. May 5 2020   * **The wealth management** industry has no skin in their game. And it really is a game for them (with your money). And in most cases, 'the middle people' have no obligation to put your interests first; no fiduciary duty. Do not outsource the job of managing your retirement portfolio to a professional. Most are infected with modern portfolio theory and do not realize that only four percent of companies provide most of the return. They want to sell you scores of securities (ETFs). And professional don't beat the market. As a result, they have changed the yard stick. Nasty people! Now they have their own benchmark so folks won't notice professionals are losers, most of the time. Learn to invest on your own. It is easier selecting a few quality dividend growth stocks (and that's all you need) than being sold one of over one thousand ETFs. Most are steerage class. The ETF you are sold depends upon the advisor latched onto you. May 5 2020
-  * **Risk Profile Questionnaire** (new Aug 2020) - When you open an account, 'they' want you to fill in their risk profile questionnaire. DECLINE IT! Say no! Tell them you are aware of the risk and that you have a clearly thought out asset allocation. If you wish, tell them you mitigate risk with quality companies and that you believe "as an investor's time horizon lengthens...equities become less riskier than bonds" (Warren Buffet's Feb 20 Letter, page 6). ♣ If you want to get out of their office with out getting hooked by them, here are two questions they can't answer. **#1** Going back ten years, tell him/her to write out the annual distributions from the specified ETF. You are interested in a growing cash flow in retirement. **#2** Ask them to put hand-write out the promise that they will put your interests before theirs (FIDUCIARY DUTY)+  * **Risk Profile Questionnaire** (new Aug 2020) - When you open an account, 'they' want you to fill in their risk profile questionnaire. DECLINE IT! Say no! Tell them you are aware of the risk and that you have a clearly thought out asset allocation. If you wish, tell them you mitigate risk with quality companies and that you believe "as an investor's time horizon lengthens...equities become less riskier than bonds" (Warren Buffet's Feb 20 Letter, page 6). ♣ If you want to get out of their office with out getting hooked by them, here are two questions they can't answer. **#1** Going back ten years, tell him/her to write out the annual distributions from the specified ETF. You are interested, tell them, in a growing cash flow in retirement. **#2** Ask them to hand-write out the promise that they will put your interests before theirs (FIDUCIARY DUTY).
Advisors pay no price for being wrong. Your interests and the person trying to sell you the ETF are not aligned. Don't let advisors 'play' with your hard-earned retirement savings. And they do 'play' with very polished nonsense and by clicking a few URLs. Advisors pay no price for being wrong. Your interests and the person trying to sell you the ETF are not aligned. Don't let advisors 'play' with your hard-earned retirement savings. And they do 'play' with very polished nonsense and by clicking a few URLs.
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