[quote=flu][quote=SK in CV][quote=flu][quote=SK in CV][quote=flu]
The only time money managers might be helpful is someone completely financially irresponsible..But chances are, those folks have nothing worth managing :)[/quote]
I think maybe our host on this blog might have a different opinion.[/quote]
He’s different.[/quote]
Nice save.[/quote]
What?
He’s different.
There’s a difference between getting advice (and paying for it) and being ignorant/risk adverse and turning the kingdom over to someone completely.
And a majority of money managers available to average joe do not have your best interest in mind.
You’re just full of nit picking aren’t you SK? 🙂
You know what. Forget it.. I take back what I say. I’m wrong. Most money managers for average joe are great at what they do. I think everyone should turn there money over to a complete stranger, completely count on them, never try to understand what they are getting themselves into, listen to whatever money manager says as 100% accurate..And in the unlikely scenario that the investment/speculation blows up, call up our government and ask for a bailout…Seems to work for real estate.[/quote]
I just take exception to the broad brush you waved in your comment. I don’t think it’s nit picking. It just isn’t black and white. It isn’t all money managers and investment advisors are worthless. Or most are great at what they do.
Some are very competent and do a great job. Some aren’t the least bit interested in the well being of their clients, only their own paychecks. And some are scam artists.
