Know what you own, and know why you own it.— Peter Lynch
Simplistic Financial Advisor quotations
The stock market is filled with individuals who know the price of everything, but the value of nothing.
Thankfully, in my youth I had the best financial advisor a son could ask for: my dad Walter. When I got that first signing bonus in 1978, Dad took my cheque, announced, 'This is what we're going to do,' and bought an annuity with it.
I rob banks because that's where the money is.
The reason so many financial advisors are called brokers is because they are often broker than you.
Many financial advisors recommend that you diversify for your own protection.
What they fail to tell you is that it is also for their protection. Since most financial advisors cannot tell you exactly which stock or mutual fund is a great investment, they tell you to buy a bunch of them.
... true financial freedom doesn't depend on how much money you have. Financial freedom is when you have power over your fears and anxieties instead of the other way around.
Women look at their bodies, and they're never thin enough.
The financial advisors that I've talked to say they ask their clients, "How much money do you need in order to feel secure?" "X amount." Then, as soon as the client got the amount, it would double automatically.
If you're uncomfortable with your financial advisor, it's probably with good reason.
Perhaps the most important job of a financial advisor is to get their clients in the right place on the efficient frontier in their portfolios. But their No. 2 job, a very close second, is to create portfolios that their clients are comfortable with. Advisors can create the best portfolios in the world, but they won't really matter if the clients don't stay in them.
When you give up the hope that some advisor, some system, some source of inside tips is going to give you a shortcut to wealth, you'll finally begin to gain control over your financial future.
I never dreamed I would want to be or become a financial advisor.