Pretty dumb question, huh? Well here’s another one. Would you let someone greatly influence your financial success, your financial future, your retirement, without any proof they were any good at it?
No? Well here’s your 3rd and final question.
You ever see the complete 10 to 15 year track record of your financial advisor.. the only kind of track record that really matters? The complete 10 to 15 track record of their firm?
No you haven’t. Because it’s almost certainly bad. But if they’ve shown you an overall track record of beating the market for at least 10 years and especially since say 2000, great. You’ve got that 1 in a hundred. Me, I don’t even try to find such a person. The odds are just too bad.
Here’s why I say this..
- 98% of all professionally managed stock funds underperform the market in 10 years
- Over 80% of all managed funds fail to beat the market each year, and the ones that do, change from year to year.
- From 1982-2002 the stock market rose an amazing 793%.. one of the greatest explosions of stock market wealth in history. So what was the return of those that trusted the “professionals” to invest their money? Are you sitting down? The average stock investor that trusted the professionals made less than 3% a year, adjusted for inflation!
Last of all try this..
The greatest stock market investment study in history was sponsored by the Financial Services Industry, using trillions of dollars of data provided by the industry and multiple research teams headed by a team from the Harvard Business School. They believed it would be a good marketing tool for them to use.
You ever hear of that study? No, you haven’t. And why? Because the conclusion of the study was that people who invested their money themselves averaged twice the return of the people who use professionals!
When the industry got the results they panicked, and buried that study so you’d never see it.
What you’re seeing here is that the financial services industry is little more than a casino, skimming away your money in commissions, expenses, trading costs and, most of all, utter incompetence.
The answer to all this is very clear. That you, and only you must invest your money yourself. And don’t go thinking it’s too complicated for you to learn how to do it, because it’s not. Money management is not complicated. They complicate it to get their hands on your money.
I can show you, in like 3 minutes, how to invest in the stock market yourself and do so far better than any “professional” is likely to ever to do for you. And you don’t need to trust me on this, because no less than Warren Buffet has been telling everyone the same exact thing, over and over, for the last 30 years or so.
The same thing applies when it comes to spending smart.. to getting what you deserve from the money you’ve worked hard for. Over and over, we’re told wrong things to do when it comes spending our money. Things that are great for business.. terrible for us.
Unfortunately, these campaigns for both spending and investing have proven to be highly effective and the results have been just awful..
- 2 people in 3 over 50 today cannot, will not, be able to retire.. 667,000 out of every 1 million people! What are they gonna do? Work at Walmart till they drop? Live in their kid’s basement?
- Most Americans are now living paycheck to paycheck! 7 in 10 don’t even have $1000 in the bank! Think of the stress whenever something happens, and it always does… a car repair, a medical bill, God forbid a job loss!
- Money is now the #1 cause of unhappiness in our society today.. the #1 cause of divorce!
No way you want any of this to happen to you and it doesn’t have to, because solving this problem is actually not that hard. All you need is to learn what does work. And that’s what my Money Smart Project is all about.
To learn more, please take a look at my Project Overview video. I promise you.. it’ll probably end up as among the best 9 minutes you ever spent in your life.