2887: The Day I Failed as a Financial Advisor by Jeff Rose of Good Financial Cents on Investing Advice

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 3 October 2024

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2887: Jeff Rose candidly shares his experience of failing as a financial advisor during the 2008 market crash, highlighting the emotional toll of watching a client make a detrimental decision. His story underscores the importance of financial literacy and the dangers of relying solely on an advisor without understanding the market risks and long-term investment strategies. Read along with the original article(s) here: https://www.goodfinancialcents.com/one-of-the-times-i-failed-as-a-financial-advisor/ Quotes to ponder: "There have been many times I have failed as a financial advisor, but there is one instance that still haunts me to this day." "It finally hit the bottom on March 9th, 2009, but obviously, no one knew that." "At the end of the day, it’s your money and you’re in charge and I’ll do what you want me to do." Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So what's it like to buy your first cryptocurrency on Krakin?
0:05.0	Well let's say I'm at a food truck I've never tried before.
0:08.0	Am I going to go all in on the loaded taco?
0:10.0	No, Suri. I'm keeping it simple. Starting small. That's trading on Krakhan.
0:15.3	Pick from over 190 assets and start with a 10 quid in your pocket.
0:19.7	Easy. Go to crackin.com and see what crypto can be.
0:23.2	Don't invest unless you're prepared to do all the money you invest.
0:26.2	This is a high-risk investment and you should not expect to be protected if something goes wrong.
0:29.4	Adobe Express makes it quick and easy to create everything I need for my business.
0:36.0	From social posts, Tik-Tocks and flyers, all in just a few clicks.
0:40.0	Get Adobe Express for free. Search for Adobe Express to find out more.
0:45.0	This is optimal Finance Daily,
0:49.0	the day I failed as a financial advisor,
0:52.0	by Jeff Rose of Good Financial Sense.com and I'm your host
0:56.7	and personal finance enthusiast Diana Merriam. We're going to get right to it as we
1:02.0	optimize your life.
1:04.0	The day I failed as a financial advisor,
1:10.0	by Jeff Rose of Good Financial Sense.com.
1:15.0	If there's one thing that you maybe haven't noticed about most financial advisors,
1:20.0	it's that we are arrogant pricks.
1:23.0	Please note that I said we are, not they are,
1:27.0	as I include myself in that statement.
	...

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