Common Sense Financial Podcast

Wall Street is Broken

I have been in the financial services business for 26 years and in all of these years, I have never seen as much confusion, uncertainty and a lack of confidence than I see today with investors.

The reason for this I believe is because Wall Street is broken and has shifted its focus off of finding the best solution for the client over to profits and product sales leading to a high level of uncertainty amongst the public.

I feel strongly that there is not a one size fits all solution and there is not a single product or idea that is appropriate for everyone.

We all have to use a bit of common sense when it comes to this and realize that buying a product or following a single action is not a financial plan…it’s not a solution. It may be part of putting plan together but it is not the plan itself.

I really hope that this podcast resonates with you and helps you tune out the noise. I realize that this can seem overwhelming but it doesn’t have to be. By focusing on your personal situation and working through the financial planning process all of this truly does fall into place.

As always, if you have any questions about what you learn about today please let me know. I get a lot of questions and am happy to point you in the right direction.

The podcasts here are historical in nature. They aired before July 1, 2022 and were previously approved by Kalos Capital. The views and statistics discussed in these shows are relevant to that time period and may not be relevant to current events. This is intended for informational and entertainment purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation. Investing involves risk, including the potential loss of principal. Any references to protection, safety or lifetime income, generally refer to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength and claims paying abilities of the issuing carrier. Our firm is not permitted to offer and no statement made during this show shall constitute tax or legal advice. Our firm is not affiliated with or endorsed by the US Government or any governmental agency. The information and opinions contained herein provided by the third parties have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by our firm.

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