Seems to all make since, but I know nothing of markets of investing.
To me the term “investor” is the name for a person that’s basically a farm animal waiting to be slaughtered and eaten by some banker or ‘financial guy’.
Just about right. One of the top “financial advisors” ar Merrill-Lynch local office had been a jewelry salesman at Jarrett. Before that he was a house painter.
Top was defined by how many pigeons he signed up and how many worthless to be, new issues the house bought that he sold. Always sell the house junk first then all the high load funds. Lunchtime conversation by the brokers would often revolve around how many chumps they sting with high cost funds.
Same in the insurance and annuity business... it is all about pushing product and comissions. Don’t blame the pushers, they are just trying to make a lush living off of your hard earned savings.
The broker, advisor or agent driving the $140,000 sports car didn’t get it by investing his money. He got it by using yours and making commissions. The more expensive the car the more investor money he has in his portfolio. Usually it is because he has sold an vision but not skill.