[Regorium]

Originally Posted by Slava

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.

Well, here's you saying buy in Aug 2007. (Near the top)

http://forum.calgarypuck.com/showthr...ghlight=invest

Then stop in Jan. 2008 (other advisors still recommending buy) - so halfway down:

http://forum.calgarypuck.com/showthread.php?t=53296

Not going to drag up two other threads but you did make good calls on buying when it was really low, and buying January this year (halfway up). My statement wasn't that far off actually.

So the Aug 2007 was a bad call but the call to stop in early 2008 was masterful. Going through your post history, it's very clear you've made far more right calls than bad ones, and I must have lumped your advice with that of others. As you know, there's always a cacophony of "BUY" from your whole industry.

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!

Obviously your post is accurate from a factual basis, but it means nothing. I could say "If you invested in Coca Cola 30 years ago, you would be rich." Does that make me a great financial advisor? You were using that statement to show that stocks were a great investment compared to real estate. It would be far better to show that in the last year the index has recovered and home prices have not, which you (and I) have also said in this thread. I feel many financial advisors and analysts pick and choose their best performers to make a point, while disregarding the hundreds of poor picks, and poor timing of statements. As I said earlier, your track record is quite good, and I do backtrack and apologize should you feel like it was directed at you. The industry as a whole, however, is extremely poor, which is the basis of my rant. (shows evidence that you need a GOOD advisor!)

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.

Fair enough. Perhaps I should've directed the rant towards investment bankers and hedge fund managers rather than financial advisors.