Should You Depend on Investment Advisor to Make Wealth?

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Should You Depend on Investment Advisor to Make Wealth?

I opened the door to my financial advisor’s office.

Welcome, Mr. Hector! It’s wonderful to have you back. Can I serve you a glass with water?

“Yes, please,” I answered with a smile while sitting on a big fluffy chair.

“Sir,” I said to the elegant investment banker, “I’m ready to invest. Let’s get my money moving in Wall Street!”

He quickly showed me a bunch of investment funds. Meanwhile, I was still sipping at my glass of water while sitting on this fancy chair.

Somehow — this was making me feel like “royalty.” I felt good. I felt proud of myself.

As months went by, my investment results were mediocre.

Also read:  What You Should Do To Improve On Your Personal Finances

I called the guy. He invited me to a “private banking event.” They managed to make me feel like “royalty” again. With a bunch of graphs he convinced me to move my money out of that “mediocre” fund into another … and then another … and another …

It took me years to understand that THEY were making more money with MY money than me!

Why?

Because of my ignorance!

I “invested” my money with the financial institution because I didn’t know how to make money with my money!

Every time we moved my money around, he was making big commissions with MY money and I was taking all the risk!

Also read:  What You Should Do To Improve On Your Personal Finances

To answer the question question, should you depend on investment advisor to create wealth?

No! Either YOU take control of your money, or others will.

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