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Why do brokers/financial advisors pretend different people have different financial goals?
Posted on 12/19/21 at 10:07 pm
Posted on 12/19/21 at 10:07 pm
Who goes to one of these and says "I want to make some money, but not as much as possible"?
9
Posted on 12/19/21 at 10:09 pm to ducktale
Risk tolerance.
Posted on 12/19/21 at 10:09 pm to ducktale
Because it's not about that, it's about the time value of money, investment strategy, how much risk you're willing to accept, etc., etc.
Posted on 12/19/21 at 10:09 pm to ducktale
Some people want the low risk slow growth and others are more willing to take chances on the home run?
Posted on 12/19/21 at 10:11 pm to ducktale
I think I understand your question but it won't go over well here.
Posted on 12/19/21 at 10:12 pm to ducktale
My financial websites lead me to believe that only black women are investing these days.
Posted on 12/19/21 at 10:13 pm to ducktale
Do you think a 60 yr old that is financially independent has the same goals as a 30 year old that is just getting financially established?
Or maybe a middle class family with a job 401k vs a small business owner that has to create his own?
And on and on and on……
Or maybe a middle class family with a job 401k vs a small business owner that has to create his own?
And on and on and on……
This post was edited on 12/19/21 at 10:16 pm
Posted on 12/19/21 at 10:14 pm to ducktale
Because meemaw isn't putting her retirement savings into crypto and NFT anime artwork.
Posted on 12/19/21 at 10:20 pm to ducktale
Different people are willing to take different risks. Low risk investors have to accept the fact that they will have lower returns. Higher risk people have to accept that they may have larger losses.
Each person must determine their risk level.
Each person must determine their risk level.
Posted on 12/20/21 at 7:21 pm to ducktale
quote:
Why do brokers/financial advisors
You mean...mutual fund sellers?
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