From: msgrinnell@charter.net (Michael Grinnell)
Newsgroups: misc.invest.financial-plan
Subject: Re: PAW
Date: Tue, 13 Jan 2004 08:19:08 CST
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> The OVERWHELMING MAJORITY see a financial advisor, BECAUSE a financial
> advisor CALLED THEM. This is why those who poo poo salespeople are RARELY
> successful in their own right. Most are downright, utter failures, who are
> mad because they can't cut the mustard. The world must change to fit their
> idea of perfection, which is why the continually occupy the lower strata.

I learned something today.  Thanks.  It makes sense that many people
are approached by a planner versus seeking one out.  I've seen it
where a planner offers a series of free planning lectures virtually
for free because enough people will be interested in having him or her
manage their affairs subsequently that it is worth it.


> Because people, by and large, do NOT seek financial advice, the group
> CANNOT, by definition, be self-selecting.

But still, what is the difference between those who accept such
solicitations and those who rebuff them?

> I have a lot of millionaires who have never earned a six-figure income in
> their life. OTOH, a lot of white collar professionals are living paycheck to
> paycheck.

Can't deny that.  Michael Jackson is apparently on the verge of
bankruptcy.