Bull Truth

How to tell when your financial advisor is lying...

H.T. Griffith III

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• Discover investing tricks that the wealthy use to invest money and pay lesser taxes...
• Learn why financial advisors are required by law to do what is in the best interest of the investment firm - at all times.
• Learn how to get them to work on your side.
• Understand how to minimize how much you are taxed today and in retirement

Who is a “Financial Advisor”?

For the purposes of this book, when I talk about a Financial Advisor, I’m talking about a person that helps you pick the right investment accounts and protection strategies that best fit your financial needs. It might be your CPA. It might be your Lawyer. It might be the 401(k) guy that comes into work a couple times a year. More often than not, it is someone that just barely passed a test that allows him to trade securities. (Do you know what advisors say when someone gets a 90% on the Series 7 licensing exam? “You studied 14% too hard!”) Or it might be a Certified Financial Planner (CFP) with three other credentials after his name and 30 years in the business. However, there are some basic qualifications that I think all Financial Advisors should have that I’ll go over in the first chapter of "The Bull Truth&trade"

Money Doesn’t Come with Instructions…

You can turn a dollar bill over and over again and you’ll not really know what to do with it. “Should I buy a pack of gum or a soda with it- How do I do that?” Similarly, most people will turn a 100 page investment prospectus over and over and not know what to do with it- and not know how it will hurt them to not know what to do with them. What I have learned about learning about investing is that no one ever reads the prospectus the whole way through, but rather just skims it for vital information. What most people don’t know is which information is vital and how to interpret that vital information. That’s what financial advisors are for!

So, what do you need to do? You need to know what questions to ask. That includes making sure your Financial Advisors reading the prospectus very carefully. The easiest way to do this is to use a work sheet with a long list of “starter questions” and then ask, “What page of the prospectus was that on?” When the advisor says, “I don’t know” pass ‘em the prospectus and say, “I can wait while you find that for me.”