WJJQ 9/17/25
Today we're just gonna review some things that we have talked about before and mention one new item. The company that invented the fixed index annuity in 1995; that tens of millions of people are using, in March came up with the very first completely new design for an annuity. It's patent pending. I've been keeping my eye on it and I've just started to use it with people. So stay tuned to the end. Or give me a call and we'll talk about it further 715-218-9197
Just so you know all these plans I talk to you about are important to me as also because I'm 64 years old and right on the verge of all the decisions you are making as well.
We've talked about one of the products that I have in my plan the guarantee is a lifetime of income, and at the end I'll mention why this new plan will also find a place in my retirement.
I'm here to help people. My belief is that protecting everything you've worked for is more important than risking it all to have more. Enough is enough. I've repeated that a lot.
My methods may not be for everyone out there. If you like the thrill of being in the market and are OK with losing 20 or 30% of everything you've worked for, I'm not going to have much for you. All my plans are safe it's impossible to lose 30 or 40% with me.
Plus, I don't charge anything for my services. If we find something that makes your life better the insurance companies pay me.
To go over our last few visits.
Recently we learned from Tony Robbins book "money, master the game", that over a lifetime of investing, at just 2.5% expenses and fees each year, your money manager can get up to 77% of the earnings from YOUR investments. They had no risk -they put no money in -and yet it's possible for them to get three times what you do from your investments.
I called that on ethical and dishonorable.
I also call that negative compounding. Where every year 2 1/2% more of your money never makes any money again; except for your money manager.
We also learned that the story the money managers tell you about the market always coming back is absolutely NOT true for tens of millions of people. Some get scared and get out of the market. Some have to retire and put whatever they had left to the best use they could. and since the.com bubble took the NASDAQ 15 years to get even --tens of millions of people passed away and their money never came back to where it was. The discussions you have with your money manager should be about you and in your case there are many situations in which the market may never come back.
The third thing we learned is that there's not a lot of positive that comes out of you making money with the money manager. At least from their point of view. You might take your earnings and leave because
you're conservative. The only positive thing is they get their fee on a little bit more money next year. But we learned that if you accept their story that the market always comes back then the next time the market goes down however long it takes to come back they are pretty much guaranteed of you paying them fees. So what I'm saying is in 2000 when NASDAQ dropped 78% a lot of people bought the story that the market always comes back and they stuck around and paid 15 years of fees to get even. Whoops they weren't even were they. They were 15 years behind in fees. So it probably took them 18 maybe 19 or 20 years to actually get completely even.
So I was simply pointing out how the fee advisors can come out way ahead when the market drops and you stick around for it to come back.
I am repeating these things because I've had more people call me from the last three times I've been here with Jeff then any time over the previous eight months.
It seems that people really understood what I was saying and they looked at their future and realized it would be a whole different story if they lost even 20% of their money.
I'd like to say that a few people realize that they were winners and that they had enough and that the best thing they could do is protect it for the rest of their lives.
Like I said I find that the only reason people are out there taking risks is they don't know about the low risk options. Call me to find out. 715-218-9197
Now as I mentioned at the beginning, the company that created the fixed index annuity in 1995 that tens of millions of people have in their portfolios -has pretty much reinvented the entire crediting process for the annuity.
I've had several people correctly, not get very excited about the growth potential of annuities currently. This is changing all of that.
This is not an income product. It will not guarantee you an income for the rest of your life no matter what. You can take money from it every year but there is no guaranteed stream of income.
This product is designed to give you the most growth possible with the least risk.
It kind of makes sense if you think about it. If you're holding the company to never losing you a penny you're going to get a smaller return for all that security. If you're willing to be a little flexible, knowing that you can never lose more than 10% of your money, then it opens up the earning side into a really honest partnership between you and the insurance company. And as I've said they are very good at making money they've been paying our pensions in the United States for 200 years.
This is a very flexible instrument that is really hard to explain quickly. The S&P 500 has a 14 1/2% natural volatility. Most annuity funds try to manage that volatility down to 5% thus keeping the returns down.
This new patent pending annuity manages for the natural volatility. So their target is 15% volatility. This
gives the investor access to the entire return of the S&P 500 for the first time. I've mentioned previously when you go with a secure annuity that you were giving up the days of 20% returns. As of now that statement is wrong. You now can get returns of 20% or more.
As I've mentioned again and again there's a trade-off. The trade-off here is That you can lose a small amount of money. Your account value is trailed by a protected value 10% lower. So in a worst case scenario you could lose 10% of your money.
Now with the investor sharing a little bit of the loss potential they find themselves able to access around three times the earnings potential. And you are in total control.
You start in a one year investment horizon and if the market makes money you can extend it to two and if it makes money again you can extend it to three and each year your participation % goes up. let's say from 50 to 55% to 60% and when you extend in the third year it goes backwards and gives you 60% in
all three years and now it's starting to get complicated. But you can see where you are in total control. If the market goes down you lock in your money you protect 90% of it and you revert to participating at 50%. But if the market does well for four or five or six years in a row, and it does, you could be participating up to 80% and that would start from year one to year six or seven or wherever, until you lock to protect your gains and start over. But you were the one that made the decisions.
It's been 30 years and somebody finally came up with a better way to earn money in the background. you are in total control whether you lock or whether you extend and it really increases the earnings potential. I'd love to show you more please go to my website fill out a contact form at simplifymyretirement.life or call me 715-218-9197 I'd love to show you how this is going to change the annuity industry. Also, there's only a few advisory groups around the nation that have it and I am blessed to be part of one of those groups.
The bottom line is, if you want to protect everything you've worked for and set yourself up for a guaranteed income or powerful growth give me a call and let's see if I can relieve some of those worries and make sure that YOU are the only one that spends everything you worked for.
8/14/25 WJJQ interview
As always, any examples we discuss today are just examples, and do not replace a personal
consultation.
Today we’re gonna take a look at the economy and talk about two very different yet similar
appointments I had. We will also cover the money managers “story” about how the market
always comes back. you Will want to hear this entire conversation. Or go to my website and
read it.
First, for those of you that don’t know me. I’m 64 years old and whatever hair I have left is
white. These products I talk about are in my retirement plan. If you heard the show about my
car accident and the 3 1/2 years of disability. Yes I like the idea of never being able to run out
of money- because I can’t tell the future.
OK-these are not my predictions. I am just discussing with you things you probably have read
in the news and don’t know the full story about.
There is a lot of economic information out there. Some of it can be kind of confusing if you
don’t know what the information represents.
Since the beginning of the year, economists have said there’s a greater than 50% chance, or a
high likelihood of a recession in 2025. Let’s talk about why they are saying this.
Companies are valued by taking their earnings and using a multiple that is relevant to their
industry or their risk level.
From January 1971 to June 2017 the benchmark average S&P price to earnings multiple was
19.4X
Today our five-year S&P multiple is up to 22 times earnings. The magnificent seven -Microsoft,
Amazon Nvidia, etc. are at 38 times earnings.
This means that you are paying $380 per share for $10 of earnings. That’s why they say the
stock market is risky. Because historically you should have to pay only $194 per share for $10
of earnings.
The articles I’m reading are bringing up the fact that company valuations today are close to or
in some cases even higher than when the economic melt down happened from the dot com
bubble.
We all remember the dot com economic meltdown around 2000. That happened with price to
earnings ratio of around 30 or 31 times. We are there and higher with some companies today.
Briefly, there is also something called the Schiller Cape ratio that takes the cyclical nature out
of price to earnings. Historically the average is 17.3 times earnings- today the ratio is about
37.8 times earnings. The market trading at over twice it’s long-term average is a warning signal
that companies are very enthusiastically priced, let’s say.
This is why we are hearing and have been hearing about an impending recession. Interest rates
have not been brought down because of strong economic reports saying that inflation is still a
risk. Last week we find out that the job numbers were incorrectly calculated. Ouch. This is
leading a lot of people to say that interest rates may come down in September.
But nobody knows for sure.
I’m pointing these out to show you where we are in the economic cycle.This cycle happens over and over again and it has since we’ve been keeping track. I’m pretty
sure everybody out there knows what happens after the Dow Jones reaches all-time highs.
We just don’t know when it’s going to happen. The numbers are saying that it could happen in
2025.
As I said, I had an interesting couple of appointments recently. Nearly identical amounts of
savings, nearly identical earnings over the last year. In excess of 10%. One family couldn’t wait
to get out of it because they understood the risk of losing everything. The other family felt OK
because they’ve been averaging about 8%.
They both said something that I found interesting when I asked them their thoughts about
market pullbacks. They both said that the market will come back and they both used a phrase
more or less like “in a couple or a few years”.
That’s not right. In fact, that’s absolutely wrong. That’s one of those “stories” that the money
managers tell. But they don’t tell you all the information that you need to make a decision. They
just use that broad statement, and ignore the details. What I’m learning is they seem to be
leaving the impression that it’ll be back in a few years.
I am not predicting anything here. I am simply relaying the history that the money managers
apparently, have helped everybody to completely forget.
The economic forecasters are referencing the similarities of the market today with the market of
2000 to 2002.
The real problem I have, is when I talk with people, as I mentioned, they say the market should
be back in a few years. They also mention a market correction of maybe 20% or 25%.
In March 2000 the NASDAQ was at 5048 and the S&P 500 was at 1527. By October 2002 the
NASDAQ was at 1114 a 78% drop. 78% -not 20 or 25%.
Again, I’m not saying this will happen.
I’m going over history.
The S&P dropped down to 777 that’s a 49% drop.
Just so you keep up with your math, a 75% loss requires a 300% gain just to get even. A
300% uphill chase, none of my clients would ever have to worry about.
Here’s the important part. The NASDAQ did not make it back over 5000 points until 15 years
later in 2015.
15 years. Not two or three or four or five- that’s what I mean by risk. We have absolutely no
way of knowing if or when this is going to happen again and that’s a bit of a problem when
we’re not making money anymore and we’re trying to plan our retirement.
This is the uncertainty I’m trying to protect people against. my products guarantee no loss and
they allow you to participate in gains of up to 10 or 11%. That’s a lot better than a product
where you can lose a lot of money and they average 8%.
if the market average is eight and your limit with my product is 10 you’re gonna get the 8 and
you never had any risk.
And you never had to spend 15 years just trying to get back to even.
The problem is —I’m not a salesman —and in nobody’s home will I ever say that I guarantee
my product will do 8% or beat the stock market, while some people are telling me that
historically they have averaged 8%. What I’m talking about is eliminating risk and eliminating
fees.I’m guaranteed never to lose a dollar and I’m guaranteed they’re gonna pay me until I die and
they guarantee me I’m not going to have to pay any management fees. I really don’t care what I
might have been able to do in the market, with everything at risk. Enough is enough.I can’t
choose both paths. So I choose the safe one.
Back to the NASDAQ crash that took 15 years to recover from.
Even at just 3% per year, clients in products like mine made a 45% gain while the rest of the
world was just trying to get even. I think you can imagine the countless retirements that crash
completely destroyed.
And you all know by now, I’m a little bit detailed, so NO the market does not always come
back. Absolutely not. Absolutely not for everybody. Here’s why.
Every year over 2,300,000 people over the age of 65 pass away. Over 15 years that’s
34,665,000 people that passed away waiting for the fairytale that the market always comes
back to prove true. It never did for them. that’s the whole story about market comebacks that
money managers don’t tell you about.
My lifetime of work and effort deserves to be protected. I know yours does too! Give me a call.
Let’s just have a conversation.
.
The most powerful story I have ever heard
This example is from an interview I found in Tony Robbins book MONEY-master the game. Tony was interviewing Jack Bogle, founder of Vanguard investments.
Tony’s question was “how in the world do you convince 92 million Americans to participate in a strategy where they willingly give up 60% or more of their potential lifetime investment upside with no guaranteed return?
Jack answered, “Marketing!”
Jack went on to say “Tony, it’s simple. Most people don’t do the math, and the fees are hidden. Try this: if you made a one time investment of $10,000 at age 20, and, assuming 7% annual growth over time, you would have $574,464 by the time you’re nearly my age (80). But, if you paid 2.5% in total management fees and other expenses, your ending account balance would only be $140,274 over the same period”.
“Let’s see if we’ve got this straight: you provided all the capital, you took all the risk, you got to keep $140,274, but you gave up $439,190 to an active manager!? They take 77% of your potential returns? For what?“
Jack answered “exactly“
This information more than anything else I have ever said, got people angry.
Would you have believed that giving your money to a money manager is much more likely to make them wealthy than it is to make you wealthy?
That got me thinking. If the money managers can receive up to 77% of your money‘s earnings, that would leave you with 23% of your money’s earnings.
That particular number, 23%, reminded me that when I go out to eat and have good service, I tip around 20%.
Which made me think, that in my opinion, this is kind of like your advisors taking all of the money your money made and then feeling bad about it, so they gave you a 23% gratuity as a thank you for making them wealthy.
Who am I and What can I do for you?
My name is Michael Carr.
I call my business, Simplify My Retirement.
I am a former registered investment advisor.
I worked with the preferred division of Prudential securities in Ontario California. I did financial planning for a fee and helped people prepare private retirement vehicles.
At one time I held many licenses. Series 6, 63, 65 and series 7. Each one of these licenses allowed me to practice in different areas and with different vehicles. The licenses meant that I had sufficient knowledge to guide you through the multitude of risks involved in trying to grow your money.
Investing is so much simpler today. Without years of figuring out the market.
Without paying somebody to put your money at risk.
I don’t need to use any high level licenses these days, (just my insurance licenses) because I don’t need to put your money at risk to guarantee you a successful retirement.
Today, there are strategies out there that have absolutely no fees.
These strategies can produce better results than most managed money out there.
Why would you pay someone along the lines of a Morgan Stanley or a Fisher investments or an Edward Jones to manage your money when 90% of them have never beat the S&P 500?
Why not just invest in the S&P 500?
Why would you pay someone a fee for them to potentially lose your money?
What is their motivation not to lose any of your hard earned money when they get paid every month, whether you make money or lose money.
They get a new boat, even if you lose everything you invested.
Where is this Fiduciary responsibility we hear so much about?
Fisher investments has a television commercial that brags they have an investor friendly fee schedule.
So do I.
Every client absolutely loves my fee schedule.
THEY PAY ME NOTHING! $0.
If I change their life for the better, the insurance company pays me a commission.
My clients have never paid me a penny. (I do love cookies though).
My clients have never lost a penny of their invested money.
The strategy I focus on is the Indexing Strategy.
NOT INDEX FUNDS.
Index funds have fees and the risk of loss, like everything else in the open market.
The Indexing Strategy allows you to beat 90% of the Wall Street gurus.
The Indexing Strategy guarantees that your money can grow tax-free and with absolutely no losses, while getting good growth.
The agreement you make for an insurer to INSURE that you will never lose a penny, due to market losses, is that you and your benefactor both participate in market gains.
Usually the company will offer you gains up to 10% or 12%. The company then takes everything over that.
The CHART BELOW clearly shows the benefit of The Indexing Strategy and never losing any money.
If the market goes down 30%, the market has to gain 42% just to get even.
If you lose nothing when the market goes down 30%, then, while the market is recovering to its previous level, you are moving ahead with gains.
A great example I use is if managed money goes down 10%, it needs to gain 11%, approximately, to get even. Let’s say it does that three times. You have someone managing your money and finally you are back to even. They told you not to worry because it would come back. They were right.
Or were they?
it went down 10% my clients lost nothing when the market came back 11% let’s say they made 4 to 6%. That happened three times. If you have managed money with one of the self-serving managers, you got back to even. If you were in control of your own money, and in one of my programs, you would be up 12 to 18%. And you never had a dollar at risk.
Oh, and one more thing. You never really did get even because they were taking fees the entire time you were trying to get even.
One of my favorite uses of the indexing strategy is in annuities.
First of all, I use an annuity to guarantee an income for life. Even if you live to 130 years old.
My father is turning 91 in June 2025. His money ran out in his annuity years ago. He continues to get guaranteed payments every single year until he moves on.
Second of all, the indexing strategy keeps the remaining money safe and allows your money to participate in market gains.
This helps you to both combat inflation and may allow your money to grow while you are drawing from it.
Depending on the level of those gains, you could even get a raise during your retirement.
There are a multitude of strategies that annuities can be used in. Estate Planning, wealth creation and income maximization, to name a few.
please reach out, I’m sure we can create a strategy to make your life everything you deserve it to be.
MY ABSOLUTE FAVORITE THING IS PASSING MONEY FROM YOU TO YOUR CHILDREN, GRANDCHILDREN, OR CHARITIES WITHOUT THE GOVERNMENT GETTING A SINGLE PENNY IN TAXES..
If you are OK with the government not getting any taxes from the wealth you created during your lifetime, give me a call.
What would a top level guaranteed income asset look like?
#1 NO CHANCE OF LOSS
you could not lose your principle to stock market dips, or crashes.
#2. INFLATION PROTECTION
It could be inflation, proof, and that the account value could actually go up.
#3. THE INCOME COULD BE TAX FREE
for younger planners, you may be able to receive your income tax, free, by strategically using an IRS code.
#4. YOU COULD TURN THE INCOME ON WHENEVER YOU WANT AND HAVE IT GUARANTEED FOR THE REST OF YOUR LIFE, WITH THE POTENTIAL THAT IT COULD INCREASE AND GIVE YOU RAISES DURING YOUR RETIREMENT.
#5. YOUR INCOME WOULD CONTINUE EVEN IF YOUR ACCOUNT BALANCE GOES TO ZERO.
#6. IT WOULD PAY YOU FOR THE REST OF YOUR LIFE SO YOU CAN ACTUALLY COUNT ON IT.
WOULD A GUARANTEED RETIREMENT MAKE IT MORE ENJOYABLE?
Are you afraid you may run out of money during your retirement?
📲Call and find out how to guarantee that you won't ever run out of Money.
The History of Guaranteed Annuities
When I first started representing the indexing strategy, I remember people I spoke to often had similar concerns.
They were centered around the idea that an annuity has guarantees. Some people feel that the word guarantee leads to the statement -too good to be true.
I got the feeling that many people thought they might be venturing into a new area, that because they've never heard of the indexing strategy, that I specialize in, that they might be some of the first investors and maybe it was untried.
So, I’d like to go over a little history. I thought folks would feel more comfortable if they had more background on these investments.
Annuities actually began in ancient Rome over 2000 years ago. They were called Annua which just meant annual stipend.
You would give a lump sum payment to someone, and in exchange you'd get fixed yearly payments, either for your life or a specific period of time.
A Roman jurist named Julianus Who lived from 170 to 228 A.D. created one of the first life expectancy tables used to calculate the annuity payments.
In the middle ages annuities were used to fund wars.
In the 18th century, European governments used annuities to guarantee lifetime income and to fund public projects.
In the United States they go back to 1759, when annuities were used to benefit Presbyterian ministers. If I remember my schooling right the early Presbyterians were very conservative people.
So, when our country was founded annuities were an easily used and easily understood way to save for a guaranteed retirement income.
In those early days, there were more risks than there are today. Someone may choose to have payments only on their life and pass away early. Some people may choose to have payments only for 10 or 15 years and live 25 more. And if you were dealing with a private individual, they may invest your money poorly and not be able to pay you as agreed.
Those days are long gone -your heirs in an indexing product are always guaranteed the beginning account value minus any withdrawals you have taken plus any investment credits. So if you haven't taken any out they're guaranteed to receive everything you put in.
The indexing strategies that we use today began much more simply in Canada in 1995 in response to the 1994 Bond market crash. They were designed to provide principal protection with the potential for market type returns by linking them to equity indexes. So your money was never in the open market, it was tied to indexes.
Today, when you give your money to an insurance company they use it to buy a bond and they keep that bond in an account in your name, your money never goes into the market.
But bonds, just like CDs and savings accounts pay interest. It is the interest from your bond and a million other people's bonds that they use to invest. And to maximize their leverage they invest in the options market. I won't go into that, it's too complicated- but they are obviously very successful or these products would not be Owned by tens of millions of people.
And if you're worried about insurance companies. You shouldn't be. They're the ones that have managed the countries pension funds for decades and decades. Prudential manages General Motors and Verizon’s pensions. MetLife manages FedEx and IBM’s. New York life doesn't disclose but they manage almost $800 billion in corporate pensions. My personal pensions when I was in the corporate world were managed by Prudential and John Hancock insurance.
It should be everybody's goal to do business with an insurance company for their retirement, because that's where all the guarantees and leverage and safety come from, that give you the peace of mind you're looking for in retirement . After all, as I said, they've been managing the pensions of this country’s working people for over 100 years.
Here's a great example of how index annuities and their guarantees work.
There is a product that if you put $100,000 in and wait to turn on the income, they will give you a 7.2% annual increase in your guaranteed income. This means that your income will double in 10 years.
It’s the rule of 72. If you get a 7.2% interest and amount will double in 10 years. Likewise if you get a 10% return an amount will double in 7.2 years.
If you’re very conservative, or you’re saving for a target amount of money, like college. There are guaranteed annuities that for a period of 5 to 7 years will guarantee you 5 to 7% interest so your principal can grow absolutely guaranteed.
The indexing strategy is the tool that people are using today to build and maintain legacies. This is the tool that guarantees they will always be wealthy. It looks to us like they're spending money like crazy people, but they keep getting richer.
Because they never lose anything.
It's the number one rule of investing.
DON'T lose money.
I hope that helps people understand how fantastic these investments are and why so many millions of people are already using them to guarantee their retirement.
Please give me a call, I love to talk to you guys and I'm happy to answer any of your questions
Technology
High frequency trading
Last time we spoke about the history of the 2000 year old guaranteed annuity.
This time I would like to talk about how today's markets work -with high speed computers and artificial intelligence.
And, also discuss what you are truly asking of money managers, and financial advisors like Edward Jones, Morgan Stanley etc. -and what their results have been over the last 20 or 30 years.
The first thing to know is no matter which of the above financial advisors, or any other you go to, they rarely manage your money.
They give your money, for a fee, to huge fund advisors like fidelity or Prudential or New York Life, and those are the people that your management fees go to. In essence your advisors are middle men or women.
In fact in 2023 Edward Jones received what I call kickbacks , and they call revenue sharing- payments of $281.7 million from mutual funds, annuity funds and other partners.
So. The government says revenue sharing is not illegal if you disclose it.
It took me half an hour to find it on the Edward Jones website and even my artificial intelligence app cannot find the number for Raymond James.
You decide if these people are working for you or not.
OK-back to the impossible task of beating the market.
According to the artificial intelligence app Perplexity- over a 20 year period 93.6% of actively managed mutual funds and investment managers failed to beat the S&P 500.
What were you told to make you believe that your advisor was part of the 6.4% that succeeded occasionally?
If they can't beat the market whatever happened to-" if you can't beat them join them".
Why would I pay an advisor to put my money at risk, when I can get as good a return or better without putting my money at risk?
Who is in charge of the stock market?
Today as much as 70% of the tens of millions of market trades that happen every day are generated by high-speed computers.
It only takes you or your broker about a second or two to click a mouse and complete an order.
In that time high-speed computers have bought and sold Thousands or tens of thousands of shares of that same fund hundreds of times over making miniature profits each time.
A few years ago there was an expose on 60 minutes where best-selling author Michael Lewis said "The United States stock market, the most iconic market in global capitalism, is rigged" he felt "by a combination of the stock exchanges, the big Wall Street banks, and high frequency traders." "They're able to identify your desire to buy shares in Microsoft and buy them in front of you and sell them back to you at a higher price."
If you're wondering how they anticipate your trades.
Brokers trade in batches so they can save on fees. The computer technology of buying and selling are basically the same as what you and i would use on an app on your phone.
So if the big boys are working in fractions of seconds those traders can beat the fund trade your manager just put in and execute theirs before your managers trade executes.
They see where the trading flow is going and get there before everybody else.
So what does it cost to compete in this market today?
One high frequency trading firm spent a quarter of $1 billion just to take the slack out of the fiber optic cables between Chicago and New York in order to shave 1.4 milliseconds off of their transaction time.
You can't compete with that. I can’t compete with that. And neither can the money managers your investment advisors sign you up with.
The reason we go to these money managers is because the stock market is so vast and so complicated.
The people I meet with tell me they just did not know where to even begin.
And now, they are in the investments or funds that they're in because an advisor put them there- but they can't explain to me why.
They can't tell me what the fees are, or what they are for.
So what do I do that is so different?
My strategies are boring.
My strategies are simple.
I focus on no risk of loss, or the highest guaranteed income possible, for the rest of your life.
And if you have 15+ years, I can show you how to get your retirement income, completely tax free.
How simple are my plans?
As I said, one lady I met with is in her 80s, she picked it up right away.
When her and I sat down with her children, she was pulling charts out of my folder and explaining them to her kids.
So what I'm saying is you are paying your money managers fees to not only do something they likely can't do -but to try and do something that almost no one has done.
A great analogy is in cards. We have a lot of card players in Wisconsin.
You're asking your money manager to go to a $100,000 buy -in poker tournament, (The $100,000 buy in is your money), and and you are paying them to play with the best in the world – and you expect them TO WIN.
That's quite the challenge.
I assume you want them to win every time for you?
That's just like asking your money manager to go against billions of dollars of high technology and winning.
By the way.
you should consider this.
You gave him/her your life savings, the result of an entire life's work, to protect and hopefully grow.
You tell me, what is their motivation to fight and win for you?
Not much.
The advisors and managers get paid every month either way, whether you win or lose.
But the statistics show they do not win.
The reality and the technology tell us they likely cannot win.
You don't win.
But they always do!
As your account slowly goes down or loses value to inflation, your advisor is buying a brand new boat.
And they call themselves fiduciaries!
In my opinion that's a stretch.
What's my motivation?
I don't make a penny unless I make your life and your financial future better than it is today.
Period.
There is actually a company that advertises on TV, I believe it's Fisher investments.
They say they have an investor friendly fee structure.
A fee structure that you'd be happy to pay them, to give this overwhelming challenge their best shot on your behalf, apparently.
If just the words - “an investor friendly fee structure” -don't scare you, I would like to know what does.
In my opinion, a true fiduciary is someone who eliminates the risk of loss from your lifetime's hard work. And does not charge you a fee to do it.
unless you WANT to pay someone to put your money at risk in the hopes of doing something that they have historically rarely done.
by the way, it's the- not charging you a fee part- that would put Edward Jones and Raymond James and all the rest out of business. Which is what I'm trying to do
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