Throwaway because I'm mortified with myself. I always prided myself on my job because I genuinely do love helping people with their finances. I work out of a branch of a pretty well known firm and I get to help people with their self-managed brokerage accounts and retirement accounts. Today I got completely thrown off guard by a client of mine when his wife joined us on the phone for the first time ever.
Me and her husband were having our normal small talk, chattering about how the market is up positive for the year wiping out the year's losses so far and then we got down to their portfolio review. OUT OF NOWHERE this woman stars drilling me with my credentials, where I went to school, and was asking me all kinds of questions I didn't know the answers to. I didn't study finance, I actually studied history but I took on finance and got my licenses after college. I'm in my 30s and have been an advisor for 2 years. She started asking me about the futures market and admittedly I don't know anything about that. Then she was asking me about derivatives and swap defaults. I have no idea what those are. Then she goes on about sustainable investing, and I told her that sustainable investing is a trendy topic at the moment but we still like to focus on the fundamentals. She completely tore me apart saying I know nothing about managing money and she completely halted our conversation and ended the call.
I'm sitting here thinking WOW, am I complete idiot?! I understand I should know better the different nuances of investing but to be honest all of my clients are pretty straightforward with pretty generic retirement goals and not all that savvy. This woman made me feel like a complete imposter.
Submitted June 08, 2020 at 08:02PM by mildlyinteresting009 https://ift.tt/2MDz4F2
