There are Really Only Two Ways a Financial Advisor Can Be of Help to You:
1. By finding better products that pay higher rates of return requiring more risk
2. By helping you be more efficient by avoiding unnecessarily losses
I believe that there is more opportunity to serve my clients by helping them first avoid the losses, before trying to pick the winners.
My focus with clients begins with eliminating the involuntary and unnecessary wealth transfers.
Consider this. There are two ways to fill up a bucket that has holes in it. One way is to pour more in, and the other is to first plug the holes, then the bucket will fill up even if the flow is just a trickle.
Which strategy more closely resembles the way you are currently approaching financial management?