Investment advisor Tony Liddle tells Forbes investing horror story:
Here’s the juicy part:
“… within eight months the stock had fallen drastically from its high losing 96 percent in value.”
Apparently, one of the firm’s clients retired with about $4 million in his company’s stock. The client was in love with it.
So much so you could see the little hearts floating above his head.
Refused to sell said stock until the investment advisor twisted his arm and so… the client reluctantly did so.
Almost immediately, the stock shot up 10%.
The client INSTANTLY regretted hiring this advisor and complained that he was not only missing out on the gains but also paying about $600,000 in taxes.
So… the client fired his investment advisor.
About 8 months later… BOOM.
Can you imagine losing 96% of your savings?
Your old pal Uncle Gluten can relate.
I’ve lost my savings many times over before finally wising up and buying insurance to protect my tookus.
Do with that information what you will.
And if’n you DO want to protect yourself from catastrophe, well my friend, hop on the email list and I’ll teach you what you need to do to protect yourself.