Monday, April 23, 2007

Sensitive pockets will leave you broke in the long run!


Sensitive pockets will leave you broke in the long run!

The faster your money moves, the higher your income and your returns will be. Financial Advisors are like street lights, you can find one every 15 feet. In an age where more and more people are becoming financially stupid and paying for their financial advisor to get an education on labor income (Hard working Middle Class Americans), One must stop and ask themselves? Is investing for the long run the only advise available today since my financial advisor does not have any of their own money tied up in this investment. If they did would they tell me to hold on to something we are both losing thousands of dollars in?

When driving a car, one would expect a vehicle to have a gas pedal, brakes, and a steering wheel to give the driver control. When investing in paper assets (remember you are buying a business not just the paper the name is printed on), the investor often gives up control over the investment and often turns control over to a complete stranger they hope knows more then themselves about investing. Yet more often than not they realize they gave their money to a bigger dummy than they are. I guess pointing a finger is better than accepting responsiblity for being a big idiot!