In what order is he these things,
salesman, businessman, economist,human being? To what degree of intensity, perfection ect., is he each of these things.
Unfortunately many average people just see these guys, and similar that are available at all levels ,bull or bear, as “experts” and defer to one or another of them.Much pain has come from this.
Someone very close to me has lost a lot of money at an advanced age despite the fact that I have told them so much of what was coming for the last 3-4 years, This is because, as is probably obvious I lack ” expertise”. Having gotten a lot of it from piggingtons didn’t help!
I was actually at a meeting with this individual at their finacial advisors office a few months back.He was really on the spot but I was pretty tame due to the fact that it still really isn’t much of my business. In front of God and everybody my relation said nobody could have known any of this was going to happen. Ouch!
He is still the expert… they chose to go to an uninsured annuity with an insurance company with some of what is left.I guess capital presevation is good sooner or later. I am not sure if this is a good investment but it seems uninsured and locked in doesn’t sound good at this time? Well, I am a little prejudice because the same expert just lost a big portion of the nest egg of a couple of seventy year olds in private investment accounts. I’d have to bite my toungue even if I was sure it was bad deal…for lack of “expertise”.
