Financial industry talks their head off about stocks, bonds, gold, small caps tech, growth stocks...
...but after you ask them what’s their biggest net worth allocation, 99% of them tell you it’s their house & private business selling you research.
60-70% real estate (home) which isn’t even producing cashflow because they live there
20-30% private equity (partner / owner of a small business)
0-10% index funds, cash, etc
After all, you’re selling me your ideas.
You wouldn’t tell anyone a thing. You’d mortgage your home & bet a ranch on that trade. And you’d clean up!
You know how much risk they got in the bond market, regardless of the outcome?
I think less than 1% of their net worth.
If you’re so so bullish on gold, as you claim, why is your exposure telling us otherwise?
I never recommended any client a thing without me first risking solid amount of my net worth on it. If I got it wrong, boy would it hurt me...
If the deal is really good, I mean really good, I won’t share it on social media. Heck, I won’t even share it with my clients.
For me, that’s the real research which I bet (my) farm on & hopefully clean up.
That’s how I become financially independent. #skininthegame
Some didn’t like similar posts before & unfollowed me. I’m not here for the fame. Like it or not, we all know it’s the #truth.
These kind of posts are least liked & retweet — but have most wisdom & honesty.