There are so many products in this global financial marketthat sometimes a

financial advisor feel more like a bouncer than anything else ……..

  • Principal protection funds. ( They are always come out after the market’s been killed and cap your upside on the recovery)
  • Insurance broker selling asset management . ( Does your hair – dresser also repair the roof on your house? )
  • Stock broker selling guaranteed – return equity linked annuities. ( Yeah that’s end well)
  • Reverse convertibles and other structured products. ( They will pit you against both the market and banker – good luck)
  • Brokers with one day left in their pay period ( They will call you with the news that ” we need to rotate and move things arround”)
  • Any one who claims to have “system” ( Why ? because there is no such thing, and if there were you would be the last person to hear of it.)
  • Any one who called himself financier. ( He is guaranteed to be full sh*t and probably wears a suit and dress shoes with no shocks)
  • Financial advisors who self clear or self custody client funds. ( Always be sure that there is another part of eye on your money preferably a large corporation’s)
  • Managed future funds. ( The fee are so over the top that your actual return will look nothing like the advertised returns.)
  • Movie instruments ( The latest telemarketing scam, No studio worth investing in is going to unleash an army of cold callers to raise funds.)
  • Closed end fund IPOs. ( These funds should only be bought at a discount in the secondary market. Within 90 days of the IPO, the “penalty bid” phase ends and broker can freely dump their shares while keeping their commissions – you will be down 15% in a blink.)

 

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