Stock Market

lookout123 · 08-20-2007, 11:17 PM

TW, I've said it before and I'll say it again. You have no idea what it is I (or other advisors) do for a living. You refer to numerous studies, but show me the actual numbers. Many mutual funds do under perform the market. Fewer underperform if actually compared to the appropriate benchmarks. That's the point. But many, MANY, outperform the market. Finding them is the trick. That is what I do. I match my clients up with the appropriate investments for their A) risk tolerance, B) time horizon, C) goals. When you take that into account, you'll realize that the benchmark isn't the end all, be all.

I've often stated that it is not necessary to have a financial advisor. One can successfully build their own retirement plan, they may also be capable of planning for the catastrophic needs that come up. A few can effectively assemble an efficient estate plan as well. Unfortunately, most individuals would be just as successful doing all of those things as I would be building a computer, writing a program, mounting a successful legal defense, performing surgery, or designing a revolutionary component for the space program. The point is that not everyone has the time, ability, or desire to learn what it is that I spend all day every day doing. Most of those people aren't concerned with making sure they get to brag about milking every last basis point out of the market at the next geeks-r-us meeting. Believe it or not, successful individuals don't begrudge me my fees because they've taken the time to learn what I do for them. I provide returns in line with the market in up times, I protect them in down times, I walk with them through both up and down times, and I do this all with less risk than the overall market.

But you can keep reading your white papers about my industry, and thinking you know it all. BTW, care to venture a guess as to who is bankrolling the studies you refer to? I'm sure they don't have an agenda. But I'm sure you thought of that.

tw · 08-21-2007, 12:28 AM

Quote:

Originally Posted by lookout123

TW, I've said it before and I'll say it again. You have no idea what it is I (or other advisors) do for a living.

Are you going to pull a Yesman? I don't know. I don't care. It's not relevant what you do. And it has zero relevance to the discussion in this thread. I have no idea why you are bragging. I have no idea why what you do is even worthy of posting. It is all irrelvant. But somehow you are wasting everyone's time with expressions based in ego.

Ego is not relevant. Whether you are hurt or not is not relevant. The topic is the stockmarket that has nothing to do with any one or anyone's image.

If you have facts relevant to the discussion, then post them. Don't just threaten to post information. Post it - or get off the pot.

lookout123 · 08-21-2007, 10:39 AM

Quote:

Originally Posted by tw

Are you going to pull a Yesman? I don't know. I don't care. It's not relevant what you do. And it has zero relevance to the discussion in this thread. I have no idea why you are bragging. I have no idea why what you do is even worthy of posting. It is all irrelvant. But somehow you are wasting everyone's time with expressions based in ego.

Ego is not relevant. Whether you are hurt or not is not relevant. The topic is the stockmarket that has nothing to do with any one or anyone's image.

If you have facts relevant to the discussion, then post them. Don't just threaten to post information. Post it - or get off the pot.

What the hell are you talking about? You are such an amusing little man. You expound on the subject of the markets trying to wow us with your well of knowledge but anytime someone responds to your thoughts you can only respond with insults or condescension and then act like you've done no such thing.

Here's an idea. Step away from the keyboard and the encyclopedia. Walk out of your mother's basement and try joining the rest of humanity. You might just like it. You might also learn something. A good place to start would be with the idea that maybe you don't know everything.

elSicomoro · 08-21-2007, 10:44 AM

Quote:

Originally Posted by lookout123

Walk out of your mother's basement and try joining the rest of humanity.

Actually, he lives in a dingy apartment around the corner from you.

yesman065 · 08-21-2007, 11:32 AM

Quote:

Originally Posted by lookout123

Here's an idea. Step away from the keyboard and the encyclopedia. Walk out of your mother's basement and try joining the rest of humanity. You might just like it. You might also learn something. A good place to start would be with the idea that maybe you don't know everything.

tw · 08-21-2007, 01:12 PM

Quote:

Originally Posted by lookout123

What the hell are you talking about?

For all we know, lookout123 could be the Einstein of finance. Completely irrelevant. What only matters here are the supporting whys for statments posted. Make claims and withhold the whys - then don't expect a post to have credibiity.

Lookout123, if you know so much about the stock market, then simply state those facts and and include numerous reasons 'why'. Posting emotional tells us you think you are smarter. I don't care if you are a genius. It is not relevant. Only relevant are the reasons why you obtain a conclusion. If your only reason 'why' is because you are a stock broker, then your post has zero credibility. That is no insult of stock brokes. Who you are is not relevant. Only the 'whys' are relevant.

So prove me wrong. Show me you can stay adult. Show us these insights you have into market analysts AND provide numerous supporting facts 'why'. Do it without a meltdown. I don't care about your emotional state. And I may just decide to feed on it because you cannot even state 'why' you are angry. Your emotion is not relevant to the topic. That you do not post reasons 'why' is very relevant.

I don't care who you are. You, the person, do not even exist here. Only existing here are your posts - that are currently shy of 'why'. Your posts only credibilty comes from posting those 'whys'. The source is not relevant. Why are you upset only because my conclusions are a completely different perspective from yours? If you are confident of your conclusions, then upset would instead be replaced with 'whys' and 'why nots'.

Shawnee123 · 08-21-2007, 10:55 AM

Quote:

Originally Posted by tw

Are you going to pull a Yesman?

Well, if by that you mean astute and informed yet compassionate, then yes, i guess i'm pulling a yesman. :p

08-20-2007, 11:17 PM	#1
lookout123 changed his status to single Join Date: Apr 2004 Location: Right behind you. No, the other side. Posts: 10,308	TW, I've said it before and I'll say it again. You have no idea what it is I (or other advisors) do for a living. You refer to numerous studies, but show me the actual numbers. Many mutual funds do under perform the market. Fewer underperform if actually compared to the appropriate benchmarks. That's the point. But many, MANY, outperform the market. Finding them is the trick. That is what I do. I match my clients up with the appropriate investments for their A) risk tolerance, B) time horizon, C) goals. When you take that into account, you'll realize that the benchmark isn't the end all, be all. I've often stated that it is not necessary to have a financial advisor. One can successfully build their own retirement plan, they may also be capable of planning for the catastrophic needs that come up. A few can effectively assemble an efficient estate plan as well. Unfortunately, most individuals would be just as successful doing all of those things as I would be building a computer, writing a program, mounting a successful legal defense, performing surgery, or designing a revolutionary component for the space program. The point is that not everyone has the time, ability, or desire to learn what it is that I spend all day every day doing. Most of those people aren't concerned with making sure they get to brag about milking every last basis point out of the market at the next geeks-r-us meeting. Believe it or not, successful individuals don't begrudge me my fees because they've taken the time to learn what I do for them. I provide returns in line with the market in up times, I protect them in down times, I walk with them through both up and down times, and I do this all with less risk than the overall market. But you can keep reading your white papers about my industry, and thinking you know it all. BTW, care to venture a guess as to who is bankrolling the studies you refer to? I'm sure they don't have an agenda. But I'm sure you thought of that. __________________ Getting knocked down is no sin, it's not getting back up that's the sin

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