Quote:
Originally posted by DrinkingHard
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
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I agree that a majority of the advisors don't know shit. I've worked as part of an investment team; number 2 in the company, top 20 in Canada. We had a special deal with a technical analysist who worked out of our office but ran his own company. This guy had called evey bull and bear for the past 30 years and had the documentation to back it up. The two men I mentioned above have years and years of researching and picking the companies who's stocks will outperform the others. The head of our team could call them up to find out what they were thinking and doing on a daily basis; average joe can't do this. If you take your time and research the advisors like you would a stock you should end up with someone at the top of the game.