Friday, March 20, 2009

Don't Blame All Financial Advisors

You're overgeneralizing about all the financial advisors out there, Cassandra. Just like the range of talent in any profession, some financial advisors are good at their work & some aren't. It's unfair to accuse all advisors of doing nothing more than sitting around watching the values of their customers' accounts fall -- unless those customers keep a seven-figure amount in their accounts.

As far as being "conned" goes, caveat emptor. Every investor is free to invest aggressively or not. It's the responsibility of every investor to do a little legwork on his own investments. After all, it's his money.

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