Quote:
Originally Posted by Regorium
Financial advisors still disgust me.
I know several financially savvy people on CP have been advocating buy for the last 4 years at every single point in time. At the top, halfway down, at the first rebound, at the bottom, and again now. This isn't just targeted at CP people offering advice, but at the whole industry in general.
Do you ever listen to yourselves and wonder how ridiculous you sound to people that see your opinions over a longer period of time?
You might sound smart saying "If you bought X at the bottom you're up 1200%", but it's less smart when you've advocated buying that same stock when it was worth 20 times the bottom several months before.
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While I "disgust" you I'm still going to take the time to respond. Feel free to show one example of where an advisor has posted that you should be buying at the top here. I can't think of a single time when an advisor has said this, but would be happily proven wrong.
Since you seem to attack my post earlier about the 1200% retrn you should know that was a statement of fact. I didn't tell anyone to buy anything and instead was saying that If you had purchased at that point this was the result. I'm not sure how that was misunderstood!
As far as the "do you know how ridiculous you sound" comment just feel free to put me on ignore. Frankly I know that the service that I and fellow advisors provide to clients is valuable, worthwhile and in many cases completely necessary for people. It extends far beyond which stock to buy at which time and instead helps people change their entire financial picture for the better.
Lastly let me say that most of the comments in this thread aren't talking about any stock in particular. Instead the comparison is between the index Asa whole and the real estate market as a whole...a point which also seems to be lost in translation.