Started By
Message

Why do brokers/financial advisors pretend different people have different financial goals?

Posted on 12/19/21 at 10:07 pm
Posted by ducktale
Member since Sep 2021
1531 posts
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"?
Posted by Ric Flair
Charlotte
Member since Oct 2005
13664 posts
Posted on 12/19/21 at 10:09 pm to
Risk tolerance.

Posted by Saint Alfonzo
Member since Jan 2019
22198 posts
Posted on 12/19/21 at 10:09 pm to
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 by Hoops
LA
Member since Jan 2013
6543 posts
Posted on 12/19/21 at 10:09 pm to
Some people want the low risk slow growth and others are more willing to take chances on the home run?
Posted by Box Geauxrilla
Member since Jun 2013
19118 posts
Posted on 12/19/21 at 10:09 pm to
quote:

Risk tolerance.

/thread
Posted by 6R12
Louisiana
Member since Feb 2005
8669 posts
Posted on 12/19/21 at 10:11 pm to
I think I understand your question but it won't go over well here.
Posted by weagle99
Member since Nov 2011
35893 posts
Posted on 12/19/21 at 10:12 pm to
My financial websites lead me to believe that only black women are investing these days.
Posted by deathvalleytiger10
Member since Sep 2009
7601 posts
Posted on 12/19/21 at 10:13 pm to
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……
This post was edited on 12/19/21 at 10:16 pm
Posted by Jim Rockford
Member since May 2011
98203 posts
Posted on 12/19/21 at 10:14 pm to
Because meemaw isn't putting her retirement savings into crypto and NFT anime artwork.
Posted by ducktale
Member since Sep 2021
1531 posts
Posted on 12/19/21 at 10:15 pm to
quote:

Risk tolerance


Risk is mitigated over time and it ultimately boils down to performance. Unless you're investing for a few years or less, risk should not be a concern.
Posted by notiger1997
Metairie
Member since May 2009
58165 posts
Posted on 12/19/21 at 10:19 pm to
quote:

risk should not be a concern.


LOL
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 12/19/21 at 10:19 pm to
quote:

Unless you're investing for a few years or less
So there are no people in this bracket? You just killed your own thread.
Posted by Gravitiger
Member since Jun 2011
10429 posts
Posted on 12/19/21 at 10:19 pm to
quote:

Risk is mitigated over time and it ultimately boils down to performance.
Investobabble
Posted by obdobd918
Member since Jun 2020
3228 posts
Posted on 12/19/21 at 10:20 pm to
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.
Posted by TulaneUVA
Member since Jun 2005
25897 posts
Posted on 12/19/21 at 10:20 pm to
quote:

risk should not be a concern.


Are you really making this argument?
This post was edited on 12/19/21 at 10:21 pm
Posted by ducktale
Member since Sep 2021
1531 posts
Posted on 12/19/21 at 10:21 pm to
quote:

So there are no people in this bracket?
.

I mean there obviously are but they should have no realistic expectations of big returns. For someone investing for the long haul, they don't have a plan other than "give me the best returns you can" and to pretend otherwise is dumb.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 12/19/21 at 10:37 pm to
So invest everything in crypto then
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 12/19/21 at 10:54 pm to
quote:

Risk tolerance.


financial advisors do not even know what risk tolerance means

telling people to avoid crypto/bitcoin over the last ten years was the riskiest advice anyone could give

fire them all
Posted by lynxcat
Member since Jan 2008
24164 posts
Posted on 12/19/21 at 10:55 pm to
quote:

ducktale


One day you can reflect on this thread and realize how myopic you are being.
Posted by Jag_Warrior
Virginia
Member since May 2015
4112 posts
Posted on 12/20/21 at 7:03 pm to
quote:

Risk is mitigated over time and it ultimately boils down to performance. Unless you're investing for a few years or less, risk should not be a concern.


first pageprev pagePage 1 of 2Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram