Investing backwards is easy. Here is how it works: you take a look at a stock/mutual fund/asset class/allocation that has performed very well over the last few years and that's where you invest. Done. Super easy. The problem is that investors do not make money looking backward - that money has already been made. Investors … Continue reading Investing Backwards
Month: August 2017
Diamonds
I often meet people with investment accounts at Edward Jones, Merrill Lynch, Morgan Stanley, etc. When they learn that I am an Independent Financial Advisor the next question is usually this: "how are you different from my guy at insert brand name broker here"? I think the following story about purchasing a diamond ring helps … Continue reading Diamonds
