I had a friend who worked for the very well known wealth management company dealing with the high net worth individuals. Every time I asked him for a tip the answer was the same- slow and steady… I asked him why don’t you give me some really hot tip so I get rich fast. He said there is no such a thing. I asked him about really good financial advisor who knows everything. He said those ones are not advising anymore but instead sitting on their yachts surrounded by a 25 years old chicks drinking expensive champagne all day long. They don’t have to work anymore.
The ones that are still working- well you got it, they need you and your fees to make money. Some are just a little bit better than others.
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