• People spend more time analyzing why they should pay an advisor

  • Look at what they’re losing and not what they’re gaining

  • MP story about the conversation with referral:

    • pulled his money out of the market

    • “didn’t know if he could justify paying for a financial advisor”

      • believes he: doesn’t have to do much since he doesn’t have an elaborate plan

      • An advisor will help you keep on track to your goals

      • 7 figure portfolio, and believes if he would have had an advisor he wouldn’t have pulled his money out

  • Indexes:

    • more important knowing the risks taken in your portfolio than comparing it to an index

  • Google announced earnings for the quarter

    • because of the size of google, it has a missive impact on the S&P

  • Chuck talks about the 4 Ps

  • Discussion on Risk with Chuck

    • fear and fear of missing out drive investors decisions

  • Never seen a portfolio go through the investment stress test and be appropriately allocated

April 30, 2019