Source: https://www.reddit.com/r/LifeProTips/comments/bk5qo0/lpt_when_investing_ask_to_see_your_financial/
I learned this from my wife’s grandpa. He had decent amount of money to invest and needed a new broker. After talking to a bunch of them he started asking them to show him how much they made in the stock market the previous year.
A few of them were flabbergasted. A few of them outright refused. A few were insulted. A few opened up their folders and showed him how well they did on their own personal investments.
Grandpa said “if they did not make money for themselves, how in the hell are they going to make money for me?”
That old school wisdom.
Submitted May 03, 2019 at 06:24AM by bannf http://bit.ly/2Y9ODIt
