Where to Turn

According to a survey by Prince and Associates quoted in Robert Frank's recent article in the Wall Street Journal, Wealthy Investors Stage Revolt Against Advisors “81% of investors with $1 million or more in investable assets plan to take money away from their current advisor. An even larger number – 86% – plan to tell other investors to avoid their advisor.” And, in an industry where referrals are crucial, it is troubling that only 2% of investors plan to recommend their financial consultant.We all need a safe way to build money towards retirement. Saving money from our work isn't enough; we need to make money from our money, as well. And we need a safe way to do it.

The average working man or woman doesn't have many options:

We don't have the time to spend years learning enough to create our own solution.
We can't afford to hire a team of expert investors, tax accountants, and attorneys to make sense of it all.
We don't know who to trust. It really doesn't matter whether we meet a scam artist like Bernie Madoff, or a run-of-the-mill honest financial advisor who doesn't know enough to make our money work for us and keep it safe.

Why is it so bad?

86% of investors with over $1 million tell others to stay away from their financial advisors. They know their money isn't safe in the market. Ours isn't, either.

How did the United States get into a situation where there is nowhere to turn for a trustworthy solution for an ordinary person's retirement? The problem has been developing for twenty years. Here are some of the important pieces:

Wall Street wants more money in the market, so they encourage the government to support tax-advantaged investments that are in the market - and not really safe.
The SEC requires mutual funds to show only ten years of history. So the losses of 1987 aren't even on the radar for financial advisors. Most of them are too young to remember what it's like when the market collapses. Financial advisors and stock and stock brokers often have short careers, so even the people who taught the current peopel the business don't remember what a crash is like. Do you want your retirement money - which needs to be safe for 40 or 50 years - to be managed by someone who's memory only lasts ten years?
Big banks and investment companies used lobbyists to influence government into deregulation. When loose regulations go in, smart, crooked people take advantage of the situation. It started with the bank collapse in the 1980s. Bernie Madoff is just the latest con artist, and not the last.
Financial advisors make money by investing your money in the stock market. They aren't going to take an interest in solutions that are safer than the market for you.
Since last October, Financial advisors and brokers are being pressured by their companies to keep as much of your money (what's left of it) under management, becuase the companies they represent survive only if they have your money. So the advisors are going to tell you that there is no better option, and no good time to sell.
It takes years to become an expert in the tax code. So no one is expert in all parts of it. Financial advisors, focusing on investment, won't learn about Section 7702, which doesn't show up in taxation of investments.

The result: We can't do it ourselves, and we can't rely on experts. It's a good thing that a few folks who've lived through this and done their own homework, like Doug Andrews, Leonard Renier, and Marshall Wise are ready to share what they've learned. Now, the 7702 Secret to Success is available to you.