Sunday, May 29, 2016

Securities Salesmen Advice

                               
Further to all my previous comments on conventional advisers and hedge funds, and their steep costs that make it tough for investors to succeed.
                       
I advise against taking investment advice from salesmen and sales ads. You get only one story they want you to hear. It’s the other side or comment that could be the correct one for you.
                       
And be wary of stock brokers who have to sell you to make a living or who simply do not have the time or expertise to be of real help. Their training is mostly brokerage back- office, and to conform to extremely broad “suitability” standards. (See the Earl J Weinreb NewsHole® comments and @BusinessNewshole tweetd.)

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