Thu 11 Oct 2007
The Smartest Financial Adviser
Posted by RichSlick under Careers
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I ran into a financial adviser recently but I met him in the context of a sales meeting. Evidently, this financial adviser had left Fidelity to work in a completely different field. He was a certified financial planner and sold mutual funds and other investments to investors. When I asked him why he left the industry, he said he sat down one day, looked at the demographics of America, the prospects for future growth in American markets, and decided that it wasn’t too advantageous to keep pursuing a career in that field.
We talked a little more about it and he gave me some details: 80 million people retiring (or reaching the age of 65) over the next decade. Seniors aren’t necessarily the kind of people that go out and buy iPods, text message their peers, or buy clothes or new cars every three years. The future growth simply isn’t there. Also, as people retire, they stop working and stop contributing to 401k, they start withdrawing money from their investments to live on.
These were all the things about that I had written about before over the last two years now here, here and here. I’ve never really seen or heard anyone put it all together like I had before up until I met this young lad.
It’s not all gloom and doom. I am very bullish on Energy, Health care, and Technology industries as well as growth internationally (BRIC - Brazil, Russia, India, China). As boomers retires, there will be tremendous job opportunities in almost every industry for those people that have the right skill set to earn six plus figure salaries and beyond!
I finished the conversation thinking this guy has been one of the smartest financial advisers I’d met in a LONG time.
























