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

Posted on 12/20/21 at 7:21 pm to
Posted by Billy Blanks
Member since Dec 2021
3815 posts
Posted on 12/20/21 at 7:21 pm to
quote:

Why do brokers/financial advisors


You mean...mutual fund sellers?
Posted by UpstairsComputer
Prairieville
Member since Jan 2017
1585 posts
Posted on 12/20/21 at 8:49 pm to
quote:

One day you can reflect on this thread and realize how myopic you are being.


Couldn't come soon enough for some people.
Posted by molsusports
Member since Jul 2004
36148 posts
Posted on 12/20/21 at 10:41 pm to
So they can bring up annuities
Posted by tokenBoiler
Lafayette, Indiana
Member since Aug 2012
4430 posts
Posted on 12/21/21 at 1:14 pm to
quote:

So invest everything in crypto then
Powerball, baw, I'm buying the dips.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 12/21/21 at 4:48 pm to
Imagine being a fund with no exposure to Solana Luna avax all year what are you telling your LPs in your year end recap
Posted by AugustaTiger
Augusta, Georgia
Member since Dec 2017
743 posts
Posted on 12/22/21 at 7:05 am to
The other side of the coin people are forgetting is risk capacity. Tolerance is how much you risk can stand. Capacity is how much risk you can afford to take.

Capacity of an 80 YO with substantial cash flow is high, but tolerance is low.

Then you might have a 20 year old with high tolerance but low capacity because he has poor cash flow and no emergency fund.
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