Comments on: Baby Boomers to Financial Advisers: We Need Income not Wealth http://www.failsaferetirement.com/2009/10/baby-boomers-financial-adviser-income-not-wealth/ Your Plan for Guaranteed Retirement Income Sun, 13 Jun 2010 18:29:19 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Chuck http://www.failsaferetirement.com/2009/10/baby-boomers-financial-adviser-income-not-wealth/comment-page-1/#comment-222 Chuck Sun, 13 Jun 2010 18:29:19 +0000 http://www.failsaferetirement.com/?p=679#comment-222 Marc, I agree with you a 100%. I think it also took guts to be a part of that industry and admit something like that about the markets. My thoughts, unless you are a computerized trader siphoning(sp?) off a hundreth of a percent on millions of trades each week, you are essentially gambling on the phsycology of the markets. Wall street banks on the unsophisticated investor to grease the oils of the machine. They suck the life out of online brokerage accounts and laugh in our face. I'm sure they have analysts who's all there job is to do is figure out how to capatilzie on the indiotic trade consumers make. They don't even need to wait for a "flash crash" to trigger the individual invesotors stop loses to scoop up your hard earned money. Rigged. Marc, I agree with you a 100%. I think it also took guts to be a part of that industry and admit something like that about the markets. My thoughts, unless you are a computerized trader siphoning(sp?) off a hundreth of a percent on millions of trades each week, you are essentially gambling on the phsycology of the markets. Wall street banks on the unsophisticated investor to grease the oils of the machine. They suck the life out of online brokerage accounts and laugh in our face. I’m sure they have analysts who’s all there job is to do is figure out how to capatilzie on the indiotic trade consumers make. They don’t even need to wait for a “flash crash” to trigger the individual invesotors stop loses to scoop up your hard earned money. Rigged.

]]> By: Marc http://www.failsaferetirement.com/2009/10/baby-boomers-financial-adviser-income-not-wealth/comment-page-1/#comment-221 Marc Tue, 01 Jun 2010 23:35:33 +0000 http://www.failsaferetirement.com/?p=679#comment-221 Hi. I applaud you for having the guts to buck the tide of the stock-investing religion. There aren't many of us who are willing to do that. Say anything negative about the market, and people assume you don't have the sophistication to understand. The sad thing is, it is THEY who don't understand. I'm a registered investment advisor, and I assure you, I know the market very well. If someone is willing to do the research, as you have, they will come to understand what we have... the market is a very dangerous place to put your life savings. I have to say, though, a good planner (and I emphasize "good," NOT a stockbroker) can set someone up with a better income plan than they can get on their own, 98% of the time. Keep up the good work. Marc Hi. I applaud you for having the guts to buck the tide of the stock-investing religion. There aren’t many of us who are willing to do that. Say anything negative about the market, and people assume you don’t have the sophistication to understand. The sad thing is, it is THEY who don’t understand.

I’m a registered investment advisor, and I assure you, I know the market very well. If someone is willing to do the research, as you have, they will come to understand what we have… the market is a very dangerous place to put your life savings.

I have to say, though, a good planner (and I emphasize “good,” NOT a stockbroker) can set someone up with a better income plan than they can get on their own, 98% of the time.

Keep up the good work.

Marc

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