The Only Financial Disclaimer You’ll Ever Need

Below is the only financial disclaimer you’ll ever need, it applies to every product, service or transaction you’ll ever be involved with.  You’re welcome. – JB


Dear Reasonably Intelligent Human:

From this moment forward, assume that everything you ever hear a financial professional say is in some way designed to sell something to you.  Every written word, oral communication, media appearance, email, letter, phone call or text is in some way, directly or indirectly, a solicitation for some kind of product or service.  And if it isn’t, well at least you erred on the side of caution.

No one is your friend or doing you a favor.  No one is giving you free advice or trying to help you for nothing.  Even those with your best interests at heart are still trying to make money as a result of working for you or with you.  That’s how the world works.  Everyone is trying to make money to feed their family/drug addiction.

Read the fine print.  Read the bold print.  Ask questions.  Don’t say yes to things you don’t need, don’t do business with people you don’t trust, don’t buy things you can’t understand.

Assume that most people in finance are good, some are scumbags and all of them are inherently flawed human beings and biased business people trying to sway you and your capital in their direction.  There is nothing wrong with this, it just is.  It will never change, even if Dodd and Frank and Sarbanes and Oxley holed up in Hawaii, had a vicious foursome as the waves of the Pacific lapped against the shore, produced a love child and crowned it Emperor of All Things Financial.

The truth is, they could pass laws against 100 ways to fuck you over on a Monday and by Tuesday afternoon someone will have come up with the 101st.  Lawmakers and regulators will never be able to see far enough ahead or move quickly enough to match the cunning of the crooks.

As a rule of thumb, anytime someone on Wall Street offers you something for cheap you probably don’t want it.  Anytime someone offers you something for free, you definitely don’t.

If you can’t understand this, you will probably lose a lot of money.  You may even deserve to.

That’s life, that’s business. You don’t like it? Move to the Arctic Circle and marry a fucking walrus.

Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.

What's been said:

Discussions found on the web
  1. how to invest in stocks commented on Jul 12

    how to invest in stocks

    […]one of our guests a short while ago advised the following website[…]

  2. index funds commented on Jul 12

    index funds

    […]check beneath, are some absolutely unrelated websites to ours, nevertheless, they’re most trustworthy sources that we use[…]

  3. Speelgoed prijs commented on Jul 12

    Speelgoed prijs

    […]just beneath, are many totally not connected internet sites to ours, nevertheless, they may be certainly worth going over[…]

  4. gifts for dad commented on Jul 13

    gifts for dad

    […]Wonderful story, reckoned we could combine some unrelated information, nevertheless genuinely really worth taking a search, whoa did a single discover about Mid East has got additional problerms too […]

  5. US Hulu Cards commented on Jul 13

    US Hulu Cards

    […]below you’ll obtain the link to some web pages that we consider you must visit[…]

  6. Amazon Coach commented on Jul 14

    Amazon Coach

    […]usually posts some really intriguing stuff like this. If you are new to this site[…]

  7. denver limo commented on Jul 14

    denver limo

    […]here are some links to web pages that we link to since we assume they may be worth visiting[…]

  8. FS 19 mods commented on Jul 16

    FS 19 mods

    […]one of our visitors a short while ago encouraged the following website[…]

  9. نوین مارکتینگ تبلیغات گوگل commented on Jul 17

    تبلیغ در گوگل ادوردز

    Appreciating the time and effort you put into your weblog and detailed data you offer you. It’s fantastic to occur across a blog each and every when in a although that is not the identical unwelcome rehashed information. Fantastic study! I have saved y…

  10. tasmanian plasterer commented on Jul 17

    tasmanian plasterer

    […]one of our guests recently encouraged the following website[…]

  11. Endless game commented on Jul 18

    Endless game

    […]always a large fan of linking to bloggers that I enjoy but really don’t get a whole lot of link enjoy from[…]