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Tuesday, December 31, 2013
The Journey Along The Investment Road Is An Arduous One
I seldom go to see doctors but when I do, I like to be ideally with a
doctor who is a friend, understands my unhealthy lifestyle and in whose
judgement I can trust. I have no doubt that trusting a doctor will
significantly accelerate the healing process.
In the world of investments people’s investment results would be better
if instead of trading online day and night they would have a close
relationship with a capable and honest financial planner who could
provide them with advice and occasionally with a second opinion. What
really amazes me is that people want to see the best and most expensive
doctors (ok, the government or the insurance company pays) , buy the
highest quality products, but will use the cheapest possible way to
transact and invest their funds.
The journey along the investment road is an arduous one and it is very
important that you have a good companion who comforts you when “bad
luck” strikes and who is at the same time a reliable guide that helps
you find the way. Less affluent investors will of course argue that the
access to top financial advisors is only open to high-net- worth
individuals. That is unfortunately the case and I wished I could change
that because small investors need more help than already very well to do
people. - an excerpt of the GBD Report
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.