Successful Investors
This myth has been perpetuated by a financial community that seeks to make investors dependent on the advice of their brokers. Whether in the real estate market, stocks, mutual funds, futures, or options, we have been led to believe that we need a good broker in order to make money. This is a false assumption and that, in fact, depending on a broker for advice can, in many cases, lead you to losses rather than profits. The fact is that there are very few brokers in any field whose selections and recommendations have a lengthy and profitable track record. And these individuals are so good at what they do that they accept only the largest clients who can make their efforts worthwhile financially. In fact, some of the most successful investors do not depend on brokers for advice. They have become their own experts.
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