Round Table | What Exactly is the Wall Street Way and Why It's Wrong?
Wall Street, the most important financial center of the world, initially referred to the select group of independent brokerage firms that dominated the U.S. investment industry. As the trading hub of the biggest financial markets, Wall Street has dramatically influenced the American economy and the world. As a result, many people, especially our parents, have turned to Wall Street, hoping to accumulate wealth for their retirement. But is that the right move? With no one else to rely on other than their financial advisors and fund managers, people are vulnerable to fluctuations in the value of their investments. So what exactly is the Wall Street Way, and what is wrong with it?
Today, Russ, Joey, and the Dream Team of Financial Freedom Coaches talk about three key areas:
First, what exactly is the Wall Street Way?
Why is it wrong, and how do you get out of it?
Finally, what's a better option?
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08:15 - What exactly is the Wall Street Way, and why is it wrong?
11:35 - Why do you think this is such an important topic for us to cover?
17:34 - Many times, people make a decision based on their feelings. What would you add to the subject?
22:37 - With the Wall Street Way, the only people making money along the way were the Wall Street advisors. What are your thoughts on this?
29:47 - Where were you and I taught? Who taught us?
30:07 - Were you going out on your own, seeking information, and learning about these things, or were you just sitting in a classroom?
33:42 - Would you like to share your personal experience with us?
42:10 - What are your final thoughts on this topic?
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