Many people have preconceived notions about investment advisors, or they’ve had bad experiences with them in the past. Today, Serge discusses why many people are opposed to financial advisors, and conversely why they’re a good idea to have. As CIO at Blue Marlin Advisors, Serge has found that once people are better educated, they ultimately find that it makes sense, and don’t know why they didn’t have one before. The main reason people avoid having a financial advisor is that they don’t think they need one, but that’s often the first objection to go with a little more understanding.
As we just closed out a long bull market, a lot of people have gained a false sense of security and think the investment game is easy. Most investors are short sighted however, and don’t know how to put together a well thought out plan. A good, independent investment advisor will help guide you through the whole economic cycle. Many people will get a volatility shock as we get further into a bear market. An investment advisor can’t guarantee you’ll always see returns, sometimes their job will be more about mitigating losses and positioning for future success. At the end of the day, a good, independent investment advisor is an asset that can help you to retire sooner and/or with more money in the bank.
What You’ll Learn:
- The difference between a financial advisor and investment advisor.
- Why bull markets are actually a dangerous place.
- Top misconceptions people have about investment advisors.
- Why it’s important to have an independent investment advisor.
Favorite Quote:
“Bull markets, ironically, are a very dangerous environment for some people.” -Serge Berger
