Ok, 3 times I asked privatebanker about the returns he provides for his clients, and what he holds in his own accounts. He wrote “I’ve always said, “THIS IS THE LAST PLACE YOU WOULD WANT TO RECEIVE INVESTMENT ADVICE!” I’ve seen some very naive recommendations. This is a housing site! Go see a CFP!”
I ask what is the typical return that a CFP gets for his clients. He says I have myopic vision. I ask what is the rate of return he gets for his clients, and he says each client’s needs is unique. I say no more run around and word games, and he says I’m weird.
privatebanker, I call your bluff. What are your investments and what are you recommending for your clients? I want to follow your progress, so we on piggington can decide if a CFP is wiser than we are.
