“All businesses have some bad apples. I’d say that 80% of financial advisors are good or very good” or “It’s only 99% of financial advisors that provide the rest of us a bad name”
Financial consultants, also known as financial advisors, financial planners, retirement planners or riches advisers, occupy a peculiar location amongst the ranks of people who’d market to us. Together with the majority of other sellers, if they’re driving cars, clothing, condoms or condos, we all know that they are only doing a job and also we take that the longer they market to us, the longer they need to make. However, the proposal that funnyman mark curry financial advisor arrive with is exceptional. They assert, or intimate, that they can make our money grow by over if we simply pushed it right into a long term, high-interest bank accounts. If they could not indicate they could find greater yields than a bank accounts, then there would be no purpose in us utilizing them. However, if they possessed the mystical alchemy of getting money to grow, why do they tell us? Why not they simply keep their secrets to themselves in order to make them wealthy?
The response, naturally, is that many financial advisors aren’t expert horticulturalists capable to develop money nor are they alchemists who will transform our savings to gold. The only way that they can make a crust is by simply taking a little bit of what we, their customers, save. Sadly for us, most financial advisors are only salespeople whose standard of living depends upon how much of their money they could encourage us to place through their not necessarily caring hands. And whatever part of our money that they choose for themselves to cover for things such as their mortgages, pensions, cars, holidays, golf club prices, restaurant food and children’s schooling must necessarily make us poorer.