7 Signs Your Financial Advisor is Terrible
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- เผยแพร่เมื่อ 20 มิ.ย. 2022
- Feel free to contact me if you have questions or comments.
Ben Reppond
(406) 871-3321
ben@reppondinvestments.com
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Frank Luntz
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Jeremy Siegel
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7 Signs Your Financial Advisor is Terrible
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DISCLOSURES
This presentation is for informational purposes only and is not an offer of or solicitation of advisory services. The comparison of the volatility of Reppond Investments, Inc.’s strategies to the volatility of any stock market index is for illustrative purposes only. The differences between Reppond Investments Inc.’s results and those of the indices may be different due to differences in diversification and by the properties of the actual securities held by Reppond Investments, Inc. Different types of investments involve varying degrees of risk and there can be no assurance that any specific investment will be profitable or not.
Reppond Investments, Inc. does not make any guarantee that our strategies will or are likely to achieve returns like those shown in the performance graph in this presentation. Reppond Investments, Inc. reserves the right to trade different ETFs or mutual funds within a strategy than those reflected in the graphic shown. Stock market indices are unmanaged, broadly based indices, which differ in numerous respects from the specific portfolio composition. An investor cannot invest directly in these. Dividends and income are included in the index returns. The S&P 500 is a trademarked term of the McGraw Hill Company, and index data was compiled from sources we believe to be reliable. However, Reppond Investments, Inc. makes no representations or guarantees with respect to the accuracy or completeness of that type of data.
Past performance is not indicative of future results. Therefore, no current or prospective client should assume that future performance will be profitable. The historical performance results for indices and index funds, used as proxies for indices, are provided exclusively for comparison purposes. They are intended to provide general comparative information to help an individual client or prospective client in deciding whether the performance of Reppond Investments, Inc.’s strategies meet, or continue to meet, his/her investment objective(s). An investor should not assume that any strategy used by Reppond Investments, Inc. will directly correspond to any such comparative index.
Different types of investments and/or investment strategies involve varying levels of risk. There can be no assurance that any specific investment or investment strategy (including the investment strategies devised or undertaken by Reppond Investments, Inc.) will be profitable for a client’s or prospective client’s portfolio. All performance results have been compiled solely by Reppond Investments, Inc. and are from sources we believe to be reliable. They have not been independently audited or verified.
Investments in securities involve risk and the loss of investment principal is possible. Investments in securities will not always be profitable.
Another great presentation, thank you! The reason they tell us to invest our money differently is the same reason they tell us to go to school and get a job. Nobody has ever gotten wealthy from having a job. Even those who make a lot of money from their jobs are trading their time. So they are not free. The masters of our universe want to keep us in our places. They want us to be good little worker bees.
Thanks, Nina. Point well made.
GREAT info Ben, much appreciated. Makes alot of sense. To bad bonds are no longer a safe haven.
I think we are entering another long macro cycle or rising interest rates and falling bond prices. At some point, that will change again and bonds will come back into favor. But that may be a very long time away.
Thanks; my husband and I put our money aside quite a while ago before the slide because we could see the stock prices were way over bought and over priced. We could possibly buy on a bounce or short sell after getting out. Keeping an eye on the market and the slow stochastic along with other indicators. We agree with your assessment of market performance and what is yet coming.
Congratulations. You made a smart move. Now you have to figure out when and how it makes sense to get back in.
Thank you Ben, looking forward to the future with Reppond Investments Inc
Thank you, Jim. I am also looking forward to working with you.
Great video.. been watch the ten year treasury note and 20 year note since you mentioned two several videos ago. Yesterday 10 year note dropped 3.00!! .mutual funds continue to bottom out!
I would be careful in stating where you think the bottom is in bonds. As long as interest rates rise, bonds will go the opposite direction.
Ben, is there a financial outfit/group/firm that you feel is well equipped to handle today's market environment? Maybe a few than stand out above the rest? I'd appreciate your thoughts - love the content!
Maxwell, I manage money and have been able to minimize risk. Give me a call if you would like to talk.
Maxwell, I was going back through some old messages and found yours. Did you get your question answered or can I be of further help?
Another wonderful video! Thank you so much!
Glad you enjoyed it!
Really fantastic sir, your presentation skills are superior. Very down to earth. And honest
Thank you so much, Sean. Encouraging.
ive pulled all my money out but as you say where to store till times better. Bank connected to investment account or leave it in the investment account. All my accounts are fee free and self directed. Ive been watching market for years.. so ive interested in a few with a good dividend when the drop hits
Thank you.
Ben, Thank you very much for putting together so many ideas.
I have a question about currency. As it has been in the traditions of almost all cultures for thousands of years, should gold be used as (the foundation of) currency for modern economy?
It seems to me the answer should be NO, because the total amount of gold is quite stable (some dug up from the earth, some consumed by industrial and civilian uses) ; otherwise, super-rich people like Warren Buffett can take a free-ride on the society by converting their assets to gold, and forever occupy some fixed % of the society's total wealth, which keeps growing thanks to technological advances.
Bitcoin and alike are not suitable currencies for the same reason, and even worse, they are based on nothing.
That brings us back to Fiat currency, which is based on the credits of the governments, which rely on the political and financial elites.
Lots of questions here. I suggest that you read The Death of Money by Jim Rickards. That was the foundation for my thinking.
@@Reppondinvestments Thanks. I will read that book. Jim Rickards is famous for advocating a Gold-based currency. BTW, in a recent panel, I was really surprised to see that he only suggested 10% gold for a conservative portfolio.
Thanks.
Thanks for your video, I agree with your market evaluation. My money has been on the side for quite sometime; could see a plunge coming. And yes, when people finally wake up to the reality of the recession, especially at the pump this summer, there will be a lot of people scared and angry at our government. It wouldn’t surprise me about what was predicted concerning around the 4th of July week end, 13 days from now.
Thank you. Agreed.
Great presentation, thanks so much pull it all together. I listen to the whole thing and keep getting mad at my phone Google maps navigation for interrupting
Thanks, Jeff.
@@Reppondinvestments my daughter had about $70,000 in her college fund. My brother who has had an insurance and investments firm for close to 40 years was "managing" it. Back in March and April I asked him to move either all or part of the college fund into something safer like a utility because I was very uncomfortable with what I perceived as a lot of uncertainties that could have affected the stock market. I talked to him yesterday and he said all the problem words that you mentioned. "No one can time the market, no one can see this coming, it will come back just like in 2008" Then he send me an email with a description of what a bear market is. So what is the whole concept behind "dollar cost averaging?" I understand that if you stay in long enough eventually you will have a good return. But for the life of me I can't understand why you would do dollar cost averaging now during such a volatile period. Is it just laziness? Is it a way to not accept responsibility for bad trades? Is it an industry scam to just keep base load investing always pumping into the system to mitigate ups and downs? I never looked at the stock market much before but now I'm pissed.
As I point out in the video, most traditional financial advisors (those who wear that label) do not have a plan to actively deal with increasing market risk. Many have not dealt with it in the past - at least very well. Almost none of them have dealt with a period of time like where we are now - a falling stock market AND a falling bond market. This is more like the 1970s. This is probably not in their playbook. All most of them are left with are sound bites like (we didn't see this coming, you can't time the market, or hang in there - it will correct, you can't sell now, etc.). Not very satisfying when you watch your account collapse. All I can say is that I agree with you.
@@Reppondinvestments Thanks for your concise answer. So what do you think is going to happen in the long run of say two years down the road. Currently the market looks to be hovering just above 30,000. In my opinion if any shoe drops (Russia invading Lithuania, Joe Biden taking a cognitive test) the market will just sell off down to another lower level like 28,000. Then another shoe will drop (Ecuador declares bankruptcy, Japan's yen topples) and then the market will sell down to another lower level like 26,000 in stair step fashion.. There are just so many spinning plates right now and any or all of which could fall. Does everything that could go wrong have to go wrong before the market stabilizes? Do you have any kind of a prediction for a year or two down the road?
Jeff, very good question and correctly stated. I resist giving predictions. The experts are usually wrong, so I don't want to join their ranks. What I can do is speak about patterns that I have seen in the past and see now. Everything that you said lays out the kind of risks that are present today and that could play out in the near future.
It seems to me that the market dropped 20-30%(or more) because 1) it was overvalued and was easy to topple that much, 2) the view for as far as one can see is negative and not conducive to a growth environment, and 3) the big money knows that what Powell and the administration say cannot be relied upon at all - and this means that interest rates will have to go up more than projected, which means that the economy, stock market, bond market, jobs and real estate will likely decline - but not at the same time. They may not truly collapse, but could decline a lot more from current levels.
To answer your question, it is easier for me to see another decline than to see a rally from here.
I have no clue and have learned more from TH-cam than many years of dealing with bankers. A paid advice from Motley Crap today recommended a NASDAQ EFT. I may as well put my money into a typewriter company.
If you want to contact me, I will talk with you and Perhaps I can give you some ideas based on your situation.
ben@reppondinvestments.com
406-871-3321
Ben
And when your doing bad they tell you to think of the big picture.....right.
Yep
I use onegold to buy gold and silver because while it's "digital" it's redeemable 100% and held in a vault for you
And you're right the fdic doesn't have enough to bail you out. Read the book "the creature from jekyll island" 💯🔥👍🏾
Agreed. It is interesting you mention Jekyll Island. My video last week was on the corrupt origin of the Fed - and it was all about Jekyll Island.
@@Reppondinvestments yeah I saw it then read the book 📖 😄
Fired my Retirement Advisor! He made an appointment and then canceled! Stated he was too busy! Called back to reschedule and I told him I was too busy! Good riddance
@Newbeginnings Sorry to hear that. Sounds like one of the signs applied to him.
I am not too busy to talk to you.
Ben
You say that you favor physical gold and silver but don't give much clarity on how/where to safely store the physical cash, silver/gold bullion. Mattress?
Good question. Each person needs to assess their situation and store them where you feel they are safest.
Hands down the most informative person on TH-cam for market insight.
Thank you so much. Appreciate your kind words.
Sp confused...it says video is one year old but you talk about Dec. 2022 ..so is this posted in June 2023?!?! The charts you show are
if you have a portfolio and a 401 or Roth through your company company is charging for the fee for carrying this your manager is turning the account every day to charge you for the stocks they buy and sell every day then they charge you a yearly fee just for holding the account and then if you have Fidelity you're really going to get screwed over because Fidelity will steal the stocks out of your portfolio and replace it with units the UAW Ford motor company conspired together to let Fidelity do this for their benefit it's always about their benefit
That sounds like a horrible situation. If you have money outside your company plan and want some help, let me know.
ben@reppondinvestments.com
Ben
#1 . They try to get you to buy whole life insurance
And that comes with huge commissions. Helping themselves to your money.
Wow everyone has a cold it seems. Including me and my family. That thing is going around like never before .
My cold has been pretty nasty for 5 days or so. Maybe in another couple of days, it will move on.
@@Reppondinvestments hope you feel better. Theres a unknown bacterial lung infection spreading. All known medicines cant beat it. A friend at work his grandfather has it and is in hospital. No news on it...
Thank you.
Excellent video as usual! As I look to the future, I imagine that the fed will eventually ease again signaling all of us to get back in the market. Yet, I fear it will happen before valuations merit such action. I may never put another dime in the market again, but we shall see what happens. I can't afford to lose my pennies because pennies make dollars.
I would not count on the Fed easing any time soon. The best tool they have left to deal with high inflation is raising interest rates. It appears to me that as far as the eye can see, we will be dealing with inflation. Hence, lowering interest rates seems out of the cards.
@@Reppondinvestments I agree, but this is the most reckless Fed ever. They created inflation, let it run hot, lied to us about it, and now they're going to fix it? A 3% rate won't cut it, but what if they stop there anyway? And start adding to the balance sheet again? That might be enough to put the market on life support before it's fairly valued. I don't know; I'm just thinking out loud. I just wouldn't underestimate the incompetence of this Fed. I don't think they could forecast darkness at night.
You said it well.
how about mines sir.
When it comes to "should I invest in this or that" we don't try to figure that out. For example, mines may be good today, but a few months from now, commodities or energy may be in favor - and at some point, equities will come back into favor. Rather than focus on a more static approach, we use an adaptive approach to adjust to whatever is in favor at the time and stay away from what is out of favor at the time. Of course, it is not perfect, but it tends to be mostly right most of the time. Let me know if you want me to send you some info on that.
ben@reppondinvestments.com
Ben
I'm a very recent subscriber and find your content extremely helpful and useful. However with the title of this post, I'm not quite sure how I am going to present it to my "Wealth Manager" especially since I damn near had to "pull" some teeth to get into cash with my 401K until the market bottoms out (at least as close to it as I can figure it)! He's not terrible but he doesn't know it all either! 😂
If you want to bounce some ideas off me, give me a call. By the way, it is your money and you can do what you want. He is legally obligated to do what you desire. No questions asked. Otherwise, he is putting himself in a dangerous position.
@@Reppondinvestments I'd love too but wouldn't want to get too specific in this setting and refuse to use Twitter, Facebook, etc and absolutely despise the couple of discords I have tried (more trouble than they are worth). I appreciate the offer though big time, thank you! 👍👍👍
Here is my contact info if you want to talk.
ben@reppondinvestments.com
406-871-3321
Jeremy siegel is not resonating with me. I feel he is backtracking his comments. He has used his education prestige, wharton, to make a name for himself. He is annoying to listen to. Imho
You are right Sean. He is a poor presenter.
Your HOPE is for a Growth Economy, when we can invest again....but you're bear market Charts and comments point us toward an easy 10 YEAR wait & wait & wait until the bear market is over and a bull market starts again. ((I don't have 10 years to wait.! - in order to 'invest' again.))
David, good question. As of Friday (6/17), it is correct that that we are in a distinct downward trend. However, at some point this will turn up - at least for the short term. Over time (maybe 2-3 years), it SHOULD go on down. But during that time, there will be some opportunities to make some money. I use a short term tactical approach and it fits this kind of scenarios well. Feel free to reach out to me if you want some more information.
ben@reppondinvestments.com
406-871-3321
Ben
Intersting. I see no Women.
Patrice, I agree with you. I kept trying to think of a woman who is thought of as a top money manager. Unfortunately, I could not come up with one of prominence. If you can think of one, I would be glad to do some research and include a woman - or women - in this kind of list. Thanks for your comment.
@@Reppondinvestments Thanks for your honest answer. I'm a woman, but I don't care whether there are any women presenters or not. There is too much at stake. We need to listen to the best of the best, and if they happen to be all men right now, fine with me.