| I see people handing over money to a | | | | shares when they get your money and not wait |
| financial advisor or broker or fund manager | | | | for the right time and price. They don't |
| and expecting them to make money for them all | | | | automatically know how to make money just |
| the time. Granted it's their job - however | | | | because they are fund managers. |
| 70-80% of them don't do better than the | | | | |
| market average. | | | | Don't get me wrong. Not all brokers, |
| | | | financial advisors and fund managers are in |
| In my time mentoring and coaching people in | | | | this bracket. Some do know how to make money |
| the share market I have met many with sad | | | | as well. |
| stories about how their trusted broker or | | | | |
| financial advisor took their money and lost | | | | How can you take control? |
| lots of it. Well in reality what happens is | | | | |
| that people hand their money to the broker or | | | | By teaching yourself how to make your own |
| advisor or fund manager quite willingly. Most | | | | share investment decisions without the aid of |
| inexperience investors loose money in the | | | | brokers, financial advisors or fund managers. |
| share market. This includes brokers, | | | | |
| financial advisors and fund managers. | | | | By making sure you get plenty of practice at |
| | | | it without risking your funds so when you do |
| I have coached brokers and fund mangers on | | | | invest real money you are confident that you |
| making above average profits from the share | | | | will get a better return than the average, |
| market. Why would that be the case if they | | | | which also includes most brokers, financial |
| already knew how to do it? | | | | advisors and fund managers. |
| | | | |
| Brokers know how to sell brokerage. That's | | | | Secondly I constantly meet people who are |
| what they do. They don't automatically know | | | | taking advice from people who are not rich. |
| how to make money just because they are | | | | |
| brokers. | | | | People come to us with stories about where |
| | | | they get their share tips from. Some are |
| Financial advisors know about investment law, | | | | quite frightening. Most tips lead to |
| know what they need to disclose, know which | | | | financial disaster. Occasionally one might |
| fund manager pays them the most commission | | | | pay off, but that is rare. Fancy putting you |
| for putting other peoples money into their | | | | money into a share tipped by a taxi driver. |
| funds and know how not to get sued. They | | | | |
| don't automatically know how to make money | | | | Unless the taxi drive has made a pile of |
| just because they are financial advisors. | | | | money from shares. In that case he is worth |
| | | | listening to. Again there's one main way to |
| Fund managers know how to buy shares they | | | | fix it - and I've given it to you above. |
| think might do well. They are obliged to buy | | | | |