Some of you have read my guest post on this blog about my past four years' experience with investing. If you have not, you can read it here.
The experience had spurred me on to ask how my family and friends have fared since the recession of 2008 and the stock market bottom of 2009.
Some of the shocking answers were:
- I pulled out all my retirement savings accounts because somebody told me to do it.
- I don't know, I haven't had any calls from my broker in years.
- My advisor had us go into company XXX and all I know is more than half my money on it is gone.
While I reeled at responses of how their advisors failed them, I am excited at the opportunity to reach a niche area of people with a LOT of money but with VERY LITTLE investment knowledge. Warren Buffett said that he wants three things from every manager that he hires:
3. Hard Work
Without the first, and somebody with #2 and #3 will end you.
I want to let integrity, honesty, transparency, be my guides as I venture into the world of investment counsel and financial advisory services. I want it to be at a personal level. I want to know my client, their family, their hopes and fears. I want to see them reach wealth goals that align with their life purposes and how that purpose should be about more than just themselves.
This first post marks my intention.