How I helped my clients recover $27 million dollars
- Summer Forrest
- Jul 5, 2024
- 1 min read
Updated: Jul 5, 2024
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 expert advice. I know this because I was once one of these storytellers who managed $150M of individual stocks.
The First Big Loss
From 1994–1999, things were on the up and up as we celebrated the Technology Sector rise within our investment platforms. In 2000, the market took a turn for the worse, and over the next three years, we watched as our clients’ portfolios dropped 9% in 2000, about 12% in 2001 and over 22% in 2002. This historical timeframe was called the “Tech Wreck” and was especially devastating to our clients who were in their late working years or early retirement...
Comments