September 12, 2008
How Wall Street REALLY Works
At Snider Advisors, we have six fundamental principles that we live by. Principle number one one is that most investments are designed to make Wall Street rich, not you. In other words, there is a false belief among retail investors that their financial advisors are in business to make you money rather than themselves.
If you still believe that, you need to read this article in the December 2007 edition of Conde’ Nast Portfolio. It was sent to me by one of our students who suggested I might have written it under a different name. This is highly recommended reading for anyone who has money under management.
Tip of the hat to Tommy Gwinn for turning us on to this article.
Source: Lewis, M. (2007, December). The Evolution of an Investor. Conde Nast Portfolio. Retrieved from https://www.portfolio.com/executives/features/2007/11/19/Blaine-Lourd-Profile
Snider Advisors makes no representation that the information and opinions expressed are accurate, complete or current. The opinions expressed should not be construed as financial, legal, tax, or other advice and are provided for informational purposes only. Call 888-6SNIDER to request the Snider Investment Method® Owner's Manual, which includes a description of the Snider Investment Method, investment objectives, risks, suitability and other information. Please read and consider carefully before investing. All investments, including the Snider Investment Method® are subject to risk, including possible loss of principal.
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Kim Snider is an author, speaker and host of Financial Success Coaching, Saturdays at noon, on KRLD Newsradio 1080, Dallas - Fort Worth. This blog is primarily devoted to empowering individual investors with information to help them be good stewards of their money. Above all, it is about achieving true financial success. Kim's book, How To Be the Family CFO: Four Simple Steps to Put Your Financial House in Order is in bookstores now. Order yours from Amazon or other fine booksellers today.
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