a day in the life of a financial advisor - diehard humor

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NateH
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a day in the life of a financial advisor - diehard humor

Postby NateH » Thu Apr 14, 2011 5:58 pm

ever feel like you are talking to a brick wall when offering financial advice?

http://www.xtranormal.com/watch/7743951 ... al-advisor

Middle
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Postby Middle » Thu Apr 14, 2011 6:42 pm

A little long at over 6 minutes but pretty funny.

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nisiprius
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Postby nisiprius » Thu Apr 14, 2011 8:04 pm

:?: :?: :?

At 1:07 into the video, JoeAndrews84 wrote:Advisor: "Index funds are inexpensive but offer no professional management or thorough diversification. They can be very risky."
1) The managers of Vanguard's index funds aren't professionals? What do they do on their day job?

2) The whole darned stock market isn't "thoroughly" diversified?

3) How, exactly, are they any riskier than actively managed funds?

:roll:
Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness; Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.

dbonnett
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Postby dbonnett » Thu Apr 14, 2011 8:18 pm

The final line should have been the fifth line.

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pjstack
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Postby pjstack » Thu Apr 14, 2011 9:30 pm

nisiprius wrote::?: :?: :?

At 1:07 into the video, JoeAndrews84 wrote:Advisor: "Index funds are inexpensive but offer no professional management or thorough diversification. They can be very risky."


Let's face it, this is what you would expect a financial advisor to say!

Other than that, the clip was pretty funny.
pjstack

livesoft
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Postby livesoft » Thu Apr 14, 2011 10:05 pm

Index funds are risky. So what? They are not meant to be CDs.
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BruceM
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Postby BruceM » Fri Apr 15, 2011 2:45 am

"YOU HORRIBLE WOMAN!"

and (paraphrasing)

"...keep your son home, feed him and fatten him up so during retirement you can chop him up and eat him with mac-n-cheese, cause that's all you'll be able to afford..."

Now that's funny!

BruceM

dharrythomas
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Postby dharrythomas » Fri Apr 15, 2011 6:20 am

Thanks. This is great

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BachemFan
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Postby BachemFan » Fri Apr 15, 2011 6:40 am

Thanks for a good laugh early in the morning.

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NateH
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Postby NateH » Fri Apr 15, 2011 8:43 am

nisiprius wrote::?: :?: :?

At 1:07 into the video, JoeAndrews84 wrote:Advisor: "Index funds are inexpensive but offer no professional management or thorough diversification. They can be very risky."
1) The managers of Vanguard's index funds aren't professionals? What do they do on their day job?

2) The whole darned stock market isn't "thoroughly" diversified?

3) How, exactly, are they any riskier than actively managed funds?

:roll:


Somehow, out of the whole six minute clip, I knew that's the line some Diehards would focus on.

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Taylor Larimore
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A day in the life of an advisor

Postby Taylor Larimore » Fri Apr 15, 2011 9:08 am

Hi Nate:

I thought the clip was hilarious. I forwarded it to several advisor friends of mine.

Thank you.
"Simplicity is the master key to financial success." -- Jack Bogle

Andrew1234
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Postby Andrew1234 » Fri Apr 15, 2011 12:04 pm

What a cool program!

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Postby FafnerMorell » Fri Apr 15, 2011 12:38 pm

NateH wrote:Somehow, out of the whole six minute clip, I knew that's the line some Diehards would focus on.

Well, suggesting cannibalism of your children is pretty passe these days. Insulting indexing - those are fightin' words.

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HomerJ
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Postby HomerJ » Fri Apr 15, 2011 12:50 pm

"So you prefer the opinion of an electrician with a subscription to Money magazine over that of a certified financial planner?"

What's funny (and sad) that in many cases it's a coin-toss who would actually give better advice.

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Boglenaut
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Postby Boglenaut » Fri Apr 15, 2011 12:50 pm

Andrew1234 wrote:What a cool program!


Agreed.

I used Xtranormal to make this video on a similar topic:

http://www.youtube.com/watch?v=uW49z3iVBkE



That computer generated voice can be made to sound very sarcastic if you do it just right.
Last edited by Boglenaut on Fri Apr 15, 2011 12:54 pm, edited 1 time in total.

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HomerJ
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Postby HomerJ » Fri Apr 15, 2011 12:52 pm

Okay, that's funny....

"Harry Potter and Warren Buffett together could not help you achieve your financial plan"

I do enjoy how often she says "Well, I'll just pay for that using my IRA money!"

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CABob
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Postby CABob » Fri Apr 15, 2011 1:25 pm

Well done.
I decided to change my signature because of it. :P
Bob

flowerbuyer
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Postby flowerbuyer » Fri Apr 15, 2011 1:58 pm

:D :D :D

Oh, my.

GammaPoint
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Postby GammaPoint » Fri Apr 15, 2011 2:31 pm

Thanks, that was pretty funny.

bobinberea
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Postby bobinberea » Fri Apr 15, 2011 4:59 pm

rrosenkoetter wrote:"Harry Potter and Warren Buffett together could not help you achieve your financial plan"

Yup, that line had me laughing out loud. In its own perverse, hilarious fashion, this isn't a bad little primer on some basics about saving, retirement, facing reality, etc.

dhodson
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Postby dhodson » Fri Apr 15, 2011 5:04 pm

Very funny.

Unfortunately the skepticism towards some advisors is deserved. My advisor at age 39 put me in a 412i using annuities and whole life to fund my retirement convincing me that maximizing deductions would provide the maximum benefit.

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mickeyd
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Postby mickeyd » Fri Apr 15, 2011 5:38 pm

Both very funny. Thanks for posting the links. :D
Part-Owner of Texas | | “The CMH-the Cost Matters Hypothesis -is all that is needed to explain why indexing must and will work… Yes, it is that simple.” John C. Bogle

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ruralavalon
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Re: a day in the life of a financial advisor - diehard humor

Postby ruralavalon » Wed Mar 21, 2012 6:27 pm

Hilarious :D .

Best line -- "Harry Potter and Warren Buffett together could not help you achieve your financial plan"
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

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ElJay
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Re: a day in the life of a financial advisor - diehard humor

Postby ElJay » Wed Mar 21, 2012 7:24 pm

I really like how the customer randomly says out of the blue that she hates annuities and she doesn't want one because Suzy Orman says they're evil. Suzy Orman. Suzy Orman. Suzy Orman.

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rob
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Re:

Postby rob » Wed Mar 21, 2012 7:30 pm

nisiprius wrote:3) How, exactly, are they any riskier than actively managed funds?

By using the age old method of salesmen the world over - compare different things and make it appear the same.... The emerging markets INDEX fund can easily be shown to be risker then an ACTIVE bond fund. :oops:
| Rob | Its a dangerous business going out your front door. - J.R.R.Tolkien


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