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The Financial Services industry is riddled with conflicts of interest. Investment institutions manage your money so they charge fees, and financial advisors sell you products so they earn commissions. Similarly, the investment media seeks to maximize subscription and advertising revenue.
This in turn creates biases towards the editorial policy, and towards whatever has the most sizzle and sell rather than substance and truth that serves.
The bottom line is your investment advice is coming from sources whose business objectives are focused on their wealth. Not yours.
Don't make the mistake of trusting the experts. You should always operate from the assumption that the investment advice you receive is biased.
“An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.”– Laurence J. Peter
To understand how bias creeps into your investment advice, simply look at how the source's pockets are lined.
With that said, I also believe there are many well-intentioned, honest, good people doing their absolute best to work with the limited knowledge and conflicting data that make up the investment world.
Most “experts” are confused by investing just like you. If they're confident, it's because they're blind to the humbling reality that they have no ability to beat the markets through their stock picking and/or promotion of actively management products.
The result is you should never mistake opinions for facts just because they carry an air of expertise or come from a large well-known institution.
Most experts are trained in a specific school of thought and don’t see outside of it. This is exactly the case when the vast majority of financial advisors ONLY promote active management, even when all the FACTS clearly prove that passive management is far better.
Many advisors claim to be investment experts however, where they stand limits what they can see.
You might be asking yourself, “Where do I find the right Financial Consultant near me who charges a flat fee and will treat me fairly?” “Where can I find an Advisor who can create an Integrated Aligned Overarching Strategy?” “Where can I find an advisor who will only invest my money in proven passive investments? We suggest that you interview several. You’ll quickly learn that there are very few who are fiduciaries, believe in passive investing and have a process to create an Integrated Aligned Overarching Strategy. When you do find the right advisor, you’ll be able to relax in the knowledge that you are in the right hands and that your financial future is secure. Feel free to reach out to me with your questions. I’m committed to investor education.
If you are ready to get really serious about living your Ideal Life and getting your financial house in perfect order, please call me at 403-543-7226 or email me at dean@ideal-life-experience.ca to get started. I look forward to working with you to reach all of your goals.
Dean Kendall is a Financial Organizer in Calgary, handling all of the financial affairs for a select group of clients who value unbiased quality advice for one simple flat fee.
His book - Stop Paying Hidden Investment Fees! Click here for more information https://www.ideallifeexperience.com/Stop-Paying-Hidden-Investment-Fees
Newest book - Becoming The Champion of Your Dreams: How to Set and Achieve Your Most Important Goals Click here for more information. https://www.ideallifeexperience.com/Becoming-the-Champion-of-Your-Dreams
In addition, Dean is a 3X Canadian National # 1 Amateur, a 5X Canadian National #1 Professional BMX rider, downhill mountain biker and an avid snowboarder. He is an expert at winning. Let him show you how to win the money game. You can reach Dean at dean@ideal-life-experience.ca or Phone 403-543 -7226.
Copyright 2008 – 2022 by Dean Kendall. All rights reserved. 403-543-7226 dean@ideal-life-experience.ca