So the other day I got an email from a financial planning firm offering to give me money if they could advertise on my blog. I guess my buyer beware blog from last semester caught their attention. In the post, I talked a little about my past experience as a financial planner, and spoke diplomatically about the pitfalls to look for when choosing a financial institution.
I decided to let this organization humor me so I asked them what they had in mind. As it turned out they actually wanted to change some of the wording in my blog post to highlight their services, which in turn would have completely contradicted what I was trying to say.
I immediately said no, and sent them on their way, after all, integrity is paramount.
And I will reiterate my point. In the world of investing, the typical winners are the financial institutions. They win most of the time because no matter how your portfolio performs, they still charge you a fee to manage it. The average Joe investor might have a shot at winning so long as he or she does not invest with their emotions. Joe/Josephine should not pay attention to any commercials or media that plays on their emotions. They should stick to their guns, and stay invested for the long haul.
j
I decided to let this organization humor me so I asked them what they had in mind. As it turned out they actually wanted to change some of the wording in my blog post to highlight their services, which in turn would have completely contradicted what I was trying to say.
I immediately said no, and sent them on their way, after all, integrity is paramount.
And I will reiterate my point. In the world of investing, the typical winners are the financial institutions. They win most of the time because no matter how your portfolio performs, they still charge you a fee to manage it. The average Joe investor might have a shot at winning so long as he or she does not invest with their emotions. Joe/Josephine should not pay attention to any commercials or media that plays on their emotions. They should stick to their guns, and stay invested for the long haul.
j