The Online Investing AI Blog

Traditionally, most people who had any money to invest relied on financial advisors to help them. Or, more accurately, they bought the financial products that their advisor was selling, and thought about investing as little as possible. The result has been a population of Americans who have no idea how to invest and believe that investing is too difficult for them to understand.

It was quite easy for the financial advisor to sell mutual funds to their clients because their clients didn’t know anything. They trusted that the advisor had their best interests in mind, and that they would have a bright financial future. Nothing could be further from the truth.

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Automated Trading, Internet, Investing, Success Automated Trading, brokers, financial success, Money, online trading, stocks

The Financial Industry has been hit hard in the past few months, rocked by scandals and poor performance.

I don’t want to be another person jumping on the pile, but it’s become clear, just like Dorothy, the Tin Man, the Cowardly Lion, and the Scarecrow, we’ve been granted an opportunity to look behind the screen to see that these Financial Wizards aren’t nearly as impressive as we once thought.

In fact, they look a lot like you and me.

So, how did we come to believe that certain people could master the market and control our financial world better than us? Simple, like our Oz invaders, we were impressed by the smoke, mirrors, and theatrics of these wizards. We were so impressed that we were led to believe things about them (and us!) that weren’t true.

And the financial industry, which employs most of these Financial Wizards, created a mystique with lies, half-truths, and complexity. These lies are used to promote a victim mentality that allows these wizards to become the sole masters of one’s investment portfolio and, therefore, one’s financial destiny.

We’ll take a look at these lies this week and uncover how you can take an active role in determining your financial future.

Here are the seven lies financial Wizards want investors and traders, like you, to believe.

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Business Strategy, Investing, Money, Online Investing AI advisers, advisors, brokers, finances, financial industry, lies, stock market