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Originally posted by yys
Thats the wrong advice sir. There is no hope in hell of the average joe or advisor being able to make the correct investment decisions with the information that is available to them. You can't compete with the knowledge or track record of people like Bob Krembil or Peter Cundill; people who have made money year in and year out.
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Honestly, how many financial advisors are in the black after 5 years? a handful? Most end up losing money for their clients.
Trust me I used to work for the banks, most of the financial advisors are fucktards. There is the odd one that does know what they are doing and they end up leaving the bank for bigger and better things very quickly.
DH