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Two times in my career as an investment advisor and financial planner, I helped clients lose millions of dollars of wealth due to the way I was traditionally trained by my industry. Investment Storytellers It is a proven statistic (Dalbar Reports) that 86% of money managers do not beat the S&P 500 index. Which means that most money managers are simply telling stories to their clients in hopes that their clients will hop on board, stay the course, and trust their so-called exp

One of my clients told me I had The Midas Touch Implying that everything I touched turned to gold. This happened in the early part of my career during the timeframe of 1982–2000, when the stock market was experiencing huge growth and was riding high. Looking back, I did not have The Midas Touch, I was simply on an elevator, with my clients, which was going up. This changed radically in 2000 when the equities elevator started free-falling and dropped 50% over the next 3 years

In 2005, I chose to use a hedge fund to manage a portion of my client’s portfolios because I believed they had a process to protect my clients’ principal while still allowing for upside growth. Today, I know that promises like that are almost always unrealistic and optimistic representations, unless they are guaranteed through an insurance company. But, back then, I didn’t have full clarity of the risks, and as a result, when Thompson Consulting Inc. (the hedge fund manager)