BS financial planners and advisors

I bet many people have sleepless nights due to the financial market situation. Quite a number of people have been affected by the global financial meltdown. In particular are those who have lost much of their life savings due to stock market crash and investment funds. World financial and market economy experts and analyst believe that the troubled US economy and of the world is going to last beyond year 2010.

Looking through my AIA financial portfolio today, I have come to realize I have suffered considerable lost of over 60%, at least on paper. AIA Global Resources and AIA Emerging Market Fund in particular are two of the worst performing funds to date. As of today, the funds value has declined by almost 50%. The interesting thing or rather should I say the stupid thing is that fund management still continue to charge investors a flat management fee of 1.5% annually regardless of the fund performance.

Come to think of it, it is great and fun to become a financial planner or fund manager. You get to dabble around or rather should I say you get the opportunity to meddle with other people’s money to improve your investment skills without having to worry about the consequences. If the funds perform well the credit goes to the fund management, if the fund suffers any serious decline in value, you just need to blame the world financial situation. It is frustrating to know that your request and concerns for the declining fund values are ignore by your financial advisor and that he or she only come and notify you the impending need to switch funds where situation gets from bad to worst.

Forget about those bull shit advice from people who tells you that you should invest your money in financial stocks, bonds or unit- trust funds cause money savings decline in values due to inflation and etc. If you want to sleep peacefully at night and to avoid unnecessary stress, stay away from those BS financial institutions which continue to market investment portfolios. Financial planners and advisors are no different than the loan sharks. At least when you borrow money from loan sharks you are fully made aware of the need to pay high interest for the loan whereas bank and financial institution advisors and financial planners tells you the bigger lie that your money will grow on trees like nobody business when you park your money with their BS companies.