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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."
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Optimal Finance Daily - Financial Independence and Money Advice