Several years ago, my financial planning practice was thriving, but I was not. Most days, I felt like I was running on a hamster wheel. Sure, I was getting lots of exercise, but I was going nowhere fast.
A big part of each day was spent performing "compliance" duties (These were supposed to make sure no client was ever taken advantage of, but in reality it seemed like a good cover for regulatory agencies. They could say "See, we're protecting you!" Meanwhile, can you say "Bernie Madoff"? Ooops).
On top of that, most mandatory "training sessions" spent way more time on how to sell, and NOT how to serve our clients. Sell the latest and greatest new mutual fund. Sell the newest bond offering. Sell whatever made money for the company (and, yes, for me too). Sadly, the customer was the last person who was considered. The big focus was on the "story" to tell (and sell) the customer, not on what really worked best for them.
My goal? Find a better way. But this was heavily discouraged. The status quo in the financial world is "buy and hold". Anything else takes too much time away from selling more stuff, you see.
Meanwhile, I kept getting in trouble. Here's an example: One client wanted a growth mutual fund, so my research pointed to a no-load fund with a great track record. And that's what I sold him. My supervisor called the next day. His message? "Don't sell anymore no-load funds, you need to sell sell our high-commission load funds so we'll make more money."
Don't get me wrong, I sold plenty of high-commission products... but that doesn't mean I feel good about it now. In fact, the more I learned about what really works - and what doesn't - the more I wanted to teach people about simple rules and simple tools. So I finally closed my office and now, after all these years, I founded WinstreetPress.com so that...
YOU can learn simple rules & simple tools to master your investments. Whether you use a financial advisor or you handle things on your own, you can get better results by using simple rules & simple tools.
If you’re sick of confusing & contradictory advice from mainstream money ideas…
Tired of roller-coaster returns…
Ready to build wealth, have confidence, and be happy and proud of your nest egg…
Then it’s time for you to become a customer of Winstreet Press right now.