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Monday, November 2, 2015

Tell Your Financial Adviser "F' Off for 2016"

Man - it never stops amazing me how people just like you will give away money for free and trust some asshole who couldn't care a less about making you a profit with your hard earned money. 
Once again the wonderful world of USA Hedge Fund Managers have once again come out with a loss for 2015 and the only thing their clients get is an "I'm Sorry". Think about it for one second. If you are lucky enough to be a credited investor and can get into a hedge fund you would think you would at least trail the S&P. But not these assholes this year. Once again you lose they win and worse yet, if we see redemption calls ramping up like I think they will, the entire market gets screwed and these assholes running these hedge funds make out like bandits. 

It is amazing that hedge funds like Greenlight Capital, Pershing Square and Glenview are missing the easy calls and losing money for their clients. I continue and will continue to preach that if you are going to invest in the stock market no matter how big or small, do your damn homework. Don't ever assume some financial adviser is going to give two shits about your return once you hand over your hard earned money. Stand up for your hard earned money and learn how to invest in the stock market. I have preached for years that you if are going to enter this market you will need know your investments and watch your money like a hawk. There is absolutely no reason you need a financial adviser unless your are wealthy enough to plan tax break investing, etc... http://video.cnbc.com/gallery/?video=3000442307&play=1

Fire your financial adviser this year and take control of your own money. Stick to what you know. Avoid all mutual funds (high ass fees) and pick stocks that you know have value and provide products and services that people want and use. Recently a young investor asked me what to invest in and I turned the question back to him and said what do you believe in? He could not answer this simple and easy question. What do you believe in? What companies do you find value in and use their products or services? 

For me and the Bonehead Investor community I stand by my investments in companies that provide world class products and services. For me companies like Apple http://www.apple.com/ and NetFlix are amazing investments for now and the future! https://www.netflix.com/

Stand up and take back your financial freedom! Don't be a sucker for Wall Street! Be a Bonehead Investor! 

 

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