There are 3 kinds of people in any profession.
First kind is those honest ones who can't do a good job.
Second kind is those dishonest ones who are out to get you for their own benefits no matter what.
The third kind is those who are honest, capable and deliver fantastic results.
In the financial field, the first kind is those advisors who wish their clients can make money with all their hearts. Most likely they will go to heaven but their clients' money goes to hell, because they are simply not good at what they are doing.
The second kind of financial advisors are out there for themselves only. The only incentive is their priority--to make money as fast as they can and as much as they can. Their clients are their bridges to prosperity. Nothing else matters. Their clients' money goes to hell.
The third kind of financial advisors are ethnical, capable and truly professional. But most ordinary people won't become their clients or even have a chance to meet them. They are too busy working mostly for wealthy clients.
You see. 2 out of 3 is not good! Most of you are doomed to fail in the investment field. That's one of the reasons that the rich is getting richer, and you getting poorer no matter what. Depending on others to give you advice is dangerous. Even when you are lazy not wanting to work for the money, at least you should be educated about the financial/investment field in some way and know how to select an advisor whose incentive is the same as yours.
Most investors don't understand "common sense always overrides professionalism". Too many crooks hide behind their profession to swindle money from their clients legally and illegally. Their licenses and credentials don't mean a thing. Anyone can pay and get them. If they are so good at giving advice, why aren't they sitting on the other side of the desk?
