The first blogging software hit the market in 1999, but it was a technology in search of a use. I never even heard the word “blog” until the early 2000s, and didn’t focus on it until, in 2004, the Merriam-Webster Dictionary selected “blog” as the Word of the Year. (It’s a truncation of “web log.”)
For many people, the worst part of the process of terminating an advisor happens at the very end, when you finally have to tell the guy the relationship is over.
Now that we know why we’re going to fire our financial advisor, let’s talk about when to do it. Obviously, if any of the issues I detailed in my last post are operating, the time to fire your advisor is ASAP.
If you Google “Should I fire my financial advisor?” you will land on a lot of brain-dead articles. If any of the reasons listed in those articles apply to your financial advisor and you haven’t fired him, you’re probably hopeless.
You’re fired! D. Trump
The incredible – and incredibly long – bull market in both stocks and bonds that has persisted since the end of the Global Financial Crisis is now teetering. Whether or not the market bloodbath that occurred in October continues, the bull will in fact come to an end one of these days.
Why do we give children the illusion of a world that doesn’t exist and which all their lives they will compare with a harsh reality? Georges Simenon
If you torture data long enough, it will confess anything. Nobel Laureate Ronald Coase
Men occasionally stumble over the truth, but most of them pick themselves up and hurry off as though nothing had happened. Churchill
It is difficult for a man to understand something when his income depends on his not understanding it. H.L. Mencken
By “PVCs” I don’t mean the stuff they make pipes out of. I mean “premature ventricular contractions.”