| Each
and every day thousands of financial experts go to work to give
you their expert opinions on how to best invest your money.
There are tons of financial experts services out there, from full service brokers
with excellent executions, to data services with the most up
to date research information. The end result is simply
information overload.
The
truth of the matter is that very few financial experts truly
understand the science of money management. Walk into
any broker or investment advisor and have a meeting.
You will find that the whole process is simply geared toward
putting you at ease, or, as one broker once told me, "We
are not in the financial business; we are in the relationship
business."
9
times out of 10, you will end up leaving your money with the
guy that makes you feel the most secure, and not the guy who
is truly the most qualified. The same mistake is often repeated
by most investors who often buy supposedly safe stocks recommended
by analysts, as opposed to buying stocks that truly have the
most potential.
It
took me 13 years to deprogram my mind from the constant
barrage of Wall Street's misguided expertise that on the
surface seemed logical, but worked against me in real
investing. If you want to be successful, you too
have to deprogram and take control over your own
finances.
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