[quote=bearishgurl][quote=flu]I’ve said this many times and I’ll say it again..
Most of these “financial advisors” are really not qualified to have that title…[/quote]
Competely agree, flu. Not sure if this field is even “regulated”…[/quote]
There are far too many individuals that advertise themselves as “financial planners” or “advisors” who aren’t, in any way, remotely qualified to be identifying themselves as such.
I’ve read many variations on this story in the last few years (in fact, I first came to Piggs as a result of the infamous Steve & Lisa Daniels Murietta-luxury-home-with-pizza-oven debacle a few years back). But this is the first time that reading such a story caused me to become physically ill.
Yeah, this guy made mistakes. Lots of people did. It’s not a crime. However, during this entire period, he represented himself as a financial expert, and accepted money for his services as such, and that would appear to be fraud. Definitely criminal.
But there were lots of people doing that, too. And I have to admit that I subscribe to the “caveat emptor” point of view. But what really chaps my hide is that this useless piece of shit is not only trying to justify his actions – he doesn’t truly accept responsibility for any of part of his experience – but he’s feeling real good about the idea of doing it to the tune of $24.95 per hardcover tearstained copy. What a dick!!
He doesn’t appear to grasp the gravity of the situation. Here he was, taking money from people in exchange for “expert” advice on where to invest their hardearned money while he, himself, didn’t perform the tiniest amount of due diligence or planning when buying a home in – of all places – Las Vegas. Then he screwed up over and over and over again. He openly admits that their method of “financial planning” was to look around and see that “everybody else was doing it”, making it reasonable to infer that it was financially stable to follow “everybody else’s” lead.
I have only one question for the “financial planner”: how many of his clients did he put into Madoff?
