Everything we’ve been told about investing is wrong, according to MSN

Photo above - there are 300,000 licensed financial advisors in America. I am not one of them . . .

Okay, if you’re a socialist, or have zero income and savings, stop reading. The link from MSN (below) is for “normies”. Evidently, everything we’ve been told about investing is wrong, according to reporter David Nadelle.

Who is this guy? If you haven’t heard of him either, you’re not alone. When I want bizarre financial advice I usually turn to Robert Kiyosaki (“Rich Dad Poor Dad”) or Jim Cramer (“Mad Money/You got screwed”). So I did a deep dive on Mr. Nadelle. He’s lives in Canada, and is engineer for the Enbridge pipeline company in Calgary.. Okay, don’t hate on Nadelle. Kiyosaki is a Vietnam war helicopter pilot. Jim Cramer has a Juris Doctor of Law degree, which sounds impressive until you remember this the calling card of all the politicians who gave us a $38 trillion national debt. Let’s ignore lack of credentials, and move along to Nadelle’s advice:

1 – Stop diversifying. Nadelle says it’s too risky. Just pick something and buy and hold it. For years, maybe decades. This also what Warren Buffet tells people to do, while he personally ping-pongs between Apple, Bank of America, and Coca Cola. Guess which of these companies awarded Buffet a giant pile of preferred “class B” cumulative dividend shares which aren’t available to anyone else? And which went up like 1000%?

2 - Stop relying on experts. Okay, that let’s YOU off the hook Mr. Nadelle. You have zero finance credentials. However, if this MSN interview is a promo for some upcoming book, congrats.

3 – Stop investing unless you have a high salary. Okay, everyone who is making 401K match contributions to a retirement account, you can stop reading now too. Evidently 401K's are worthless?

These investment talking points in the link are clickbait trash, of course. Financial clickbait tends to arrive in greater volume around year-end bonus time. Will Bitcoin’s next move up to $500,000, or down to $10,000? Check your email spam folder, and your Yahoo news feed. Maybe Nadelle is right . . . just tune out the so called “experts” . . .

I’m just sayin’ . . .


This is why many high earners are bad at investing, according to this money expert

(22) David Nadelle | LinkedIn