My Investment Advisor Is Doing a Great Job…Are You Sure?

05/27/24 • 12 min

Invested Poorly: Sad Tales of FInancial Fails

Nothing is more important than trust when it comes to financial advice. Unfortunately, the complicated nature of investing results in everyday investors having a difficult time identifying misleading tactics.
Jeff Harrell shares two true stories—that infuriate him to this day—about deceptive information he discovered on real client investment reports.
Do you fully understand how to interpret your returns in your performance reports?
Jeff also outlines what you should be getting from your financial advisor, in the form of investment reports illustrating your returns compared with proper benchmarks.
(Season 1 Episode 10)
Other Episodes Referenced:

Podcast produced by Ted Cragg of QuickEditPodcasts.com
Music Credit: Dream Cave / Adventure Awaits / courtesy of www.epidemicsound.com

Podcast produced by Ted Cragg of QuickEditPodcasts.com
Music Credit: Dream Cave / Adventure Awaits / courtesy of www.epidemicsound.com

Previous Episode

Stock Market Experts on TV Are So Smart…But Can They See the Future?

Perception is often extremely different than reality. Financial news channels may be the posterchild for this. A deep understanding of global economics, business management, politics, financial accounting, etc., still isn’t enough to make you able to truly predict the future.
Jeff Harrell presents the evidence to support this, with shocking data from a research report available on Standard & Poor’s website. It’s another sobering look at what the data actually says about financial experts’ ability to beat the market.
You’ll start to think twice about how the financial advice presented in popular media outlets should, or shouldn’t, impact your investment decision making.
(Season 1 Episode 9)
Resource Mentioned in Episode:

SPIVA® research from Standard & Poor’s

Podcast produced by Ted Cragg of QuickEditPodcasts.com
Music Credit: Dream Cave / Adventure Awaits / courtesy of www.epidemicsound.com

Next Episode

Market Maven Predicts Next Stock Market Crash, Click Here…Nooo!

Investing headlines are designed to get you to click. The more extreme the claim, the more likely we are to do what we all know we shouldn’t. What could happen to you when you push that button? Jeff Harrell tells a story about what one investor experienced after “taking the bait” and clicking on a doomsday investing headline.
A second story in this episode illustrates one of several creative schemes unscrupulous scammers use to prey on investors’ emotions—for their profit and your loss.
As you surely know, most of us are strongly motivated to act based on feelings of fear or greed. Buyer beware that swindlers in the financial arena are well aware of this too, using a variety of crooked tactics to exploit others for their gain.
The investing stories in this episode will make you want to do a better job of controlling your emotions when it comes to making investment decisions.
(Season 1 Episode 11)
Other Episode Referenced:

Investment Stories Are Like Social Media...Breeding Grounds for FOMO (S1 E12)

Podcast produced by Ted Cragg of QuickEditPodcasts.com
Music Credit: Dream Cave / Adventure Awaits / courtesy of www.epidemicsound.com

Invested Poorly: Sad Tales of FInancial Fails - My Investment Advisor Is Doing a Great Job…Are You Sure?

Transcript

I think we would all agree that trust is the most important aspect of any relationship. And when it comes to financial advice, this couldn’t be more true. If you have someone in your financial life—this could be a paid professional, friend, family member, or anyone who can provide you with unbiased advice specific to your situation that gives you peace of mind—as far as I’m concerned, they are worth their weight in gold.
Unfortunately, during my time as an advisor, I saw some prett