Whether you have worked with a large brokerage firm for financial planning or not, all of us are fed a steady diet of investing lies I am going to reveal to you. Most of these are lies of omission. The underlying message is that by using brilliant and knowledgeable experts and money managers, it is not only possible, but likely, that you would consistently and predictably pick the best stocks and time the market.
I was taught this lie in countless seminars, presentations, brochures, conventions, mutual fund pitches, conference calls, keynote speakers, book, magazines…you get the picture. The industry propaganda has brainwashed all of us to believe really smart experts would, over time, make investors rich.
The truth is…you don’t have to believe any of the lies to be a successful investor.
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- Lie Number One: Stock Picking Works – “We know which stocks you should own to get the above average returns”
- Lie Number Two: Timing the Market Works – “We have experts who can accurately predict market movements”
- Lie Number Three: Our Research Works – “If you trust us and buy and sell based on our analysis you will beat the market”
- Lie Number Four: Track-record Investing Works – “We have expert money managers who, based upon past performance, have a better than average chance of beating the market going forward”
- Lie Number Five: Commissions Work – We always put your best interest first. We work for you”
- Lie Number Six: Forecasting Works – “We know what is likely to happen next, and you can use that to beat the market”
- Lie Number Seven: Market’s Don’t Work – “We know what the correct price of a stock or bond should be, and we can buy mispriced stocks so you can make a big profit”
Over the next few months I will reveal all the industry TRUTHS and what you can do to become a very successful investor!
Let’s go for the ride…
