Who is Responsible for Making or Losing Me Money?

Often we hear people complain that their broker, advisor, planner, or manager lost them money. However, this is rarely the case. A broker typically gives you an opinion of what you should do with your money, introduces you to the investments, and sells you a financial solution.

A wealth manager oversees the criteria for selecting investments, hiring and firing the individual managers of each of your investments. The criteria are predetermined so your portfolio is accountable to the design.

However, the real people responsible for your profits and losses are people you have never met. The executives of a company you own stock in, the fund manager who is in charge of choosing the investments inside your mutual funds, or the head of an organization which is issuing bonds are the people who make and lose you money each and every day. They are the ones that need to be held accountable to their duties.

To hear the Smart Money Radio Show segment focused on this topic, Please Click Here! (about 7 minutes long)


To hear the full Smart Money Radio Show where Bruce discusses this topic and more, Please Click Here! (about 25 minutes long)