Pulling Back the Curtain on the Tricks of the Trade
Source: Unshakeable • Who Can You Really Trust? Chapter 5 • by Tony Robbins
It is difficult to get a man to understand something
when his salary depends on his not understanding it.
FROM THE OCTOBER 2015 ISSUE OF INVESTMENT ADVISOR
SEPTEMBER 28, 2015
You can design a cogent long-term portfolio for clients using today’s tools, and doing so can help separate your firm from the pack
You can get “free advice” from many sources- not only from your stockbroker, but also from your insurance agent, your financial planner, and other professionals. This isn’t really advice, and it certainly is not free. You saw how free advice, embedded in the hyped-up ratings and research reports issued by major Wall Street firms, cost investors a fortune, luring them into Nasdaq stocks that brought losses averaging over $60 for every $100 invested near the peak. In subsequent chapters, I’ll show you how free advice in other areas (from bonds to insurance) can also be quite expensive. With free advice, you can actually get hurt in three different ways: