Ep 24: Lies You Might Hear from a Financial Professional

A lot of financial professionals aren’t always completely honest. It’s not that they intentionally want to mislead you, but there are talking points many brokers are given that aren’t completely true. Sometimes they might even believe these sentiments, but let’s discuss four statements that you need to be cautious about if you ever hear them from an advisor.   Show notes and additional resources: https://www.baschrock-fg.com/podcast/ep-24-lies-you-might-hear-from-a-financial-professional/    Today's rundown:  1:19 – Getting to Know Ben: Outside of your family, who is someone that’s had a significant impact on your life? 3:47 – Now let’s talk about lies! 4:17 – Let’s being with the difference between a broker and what we do.   5:21 – Statement #1: ‘We have experts that can accurately predict market movement.’ 7:24 – Statement #2: ‘Just look at our past investment returns and you can see we have a system that works in all markets.’ 8:27 – Statement #3: ‘Your tax rate will be much lower in retirement.’ 9:41 – Are there certain situations where your taxes could be lower? 11:06 – Statement #4: ‘It’s just a paper loss. Hang in there and you’re going to be just fine.’