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