You’re not making any sense. You said to seek out a fiduciary not an advisor. Now you’re claiming that some time in the past, which would be distant past btw, that’s when I should have seeked out a fiduciary? What you’re saying makes no sense. Anyway, EU has the same fiduciary laws for institutional investors like financial advisors.

http://www.purposeofcorporation.org/fiduciary-duties.pdf

So, I don’t know what you’re on about.

Also, it doesn’t matter HOW shit someone can be at their job the reality is it’s easy to fuck it up. So, you just admitted it takes skill to be a financial advisor. Congrats you played yourself.

No, your not understanding that games of skill or chance are both gambling. Being able to identify the difference makes you a gambler who can live off his gambling or one who will go broke. Same trick in investing.

Actually you make a great point. Which is why there’s professional poker, where gamblers can literally make a living. Understanding the difference between being a professional and being able to consistently make money and where to go to do it, is part of the skill I’m talking about. Thanks!

Oh dear lord. A fiduciary is a financial advisor. In fact it’s the purpose of the Series 7 to make sure they’re one and the same. Here’s an article on it.

https://wealthadvisors.smartasset.com/fiduciary-costs-benefits-sem1/

Like I said, if you don’t even understand what I’m saying, it’s not a surprise you’re as ignorant as you are.

*Edit: And just so you know, the reason I keep harping on the series 7 is because it forces financial advisors to be fiduciaries. It’s the WHOLE POINT of the test. Good lord, how do people like you survive in this world?

*Edit 2: Man this comment. You really didn’t know financial advisors have fiduciary responsibility? And yet you knew the word fiduciary? How? How do you exist?

*Edit 3: Wait wait wait, what do you think fiduciary means? I get the feeling you think it means something else.

It’s really not. Which is why there are laws around accredited investing and why agents have to learn the Series 7 and follow Finra rules. But if you literally don’t understand anything I said, it’s obvious why you think it’s magic.

Lets put your hypocrisy in a different light. If all jobs require skill, then the job of a financial advisor requires skill because it’s trivial to make 100k from 10 million? It’s as if your trying to argue that there IS unskilled labor and we should complain about them.

That’s a lot of writing to admit you have no idea what the meaning behind the words I said. Look if you can’t even understand the basics taught in the series 7, you are the target for the rich.

It’s literally not trivial. Again why does the FDIC exist? I didn’t say where is it from. What is it for, what does it protect. Who benefits from its protection. Why do investors need to be accredited, why is there higher risk for accredited investors. And this is purely the intro to what I’m talking about.

There’s literally no safe way to invest at that level. Do you understand what the FDIC is and what they do? Do you understand what an accredited investor is and why they can invest in riskier vehicles? Did the words I just write look like word salad to you?

I genuinely do not understand what your talking about. Elaborate?

The problem is there is no safe way to invest that kind of money. If there was a purely safe way to invest everyone would be a millionaire. The savings account thing you mentioned is literally only for poor people, to give them a leg up and a small increasing investment for the purpose of teaching people the value of investment. You’ve created a strawman and keep smacking it.

Sure they increased their money during the pandemic. People were acting like idiots buying homes and goods when they really really shouldn’t have. It’s also true the rich prey on this. Go try to get 100 million in an interest bank account and see what happens, it’s actually harder to leave that kind of money in interest accounts because of how FINRA regulations work. Your money would literally not be insured. You wouldn’t know these things because you just hear other poor people talk about the rich and not the actual rich.

Thus, the real crux of the problem. The poor don’t even understand well enough what’s happening to make a good argument. Between the wanna be rich poor people who talk about unskilled labor as if you just need to pull yourself up by your bootstraps and the poor who hate the rich, no one actually understands how it all works. And it all WORKS BECAUSE you don’t understand. If the poor didn’t respond the way they did during the pandemic, the rich wouldn’t have been able to hoover up all their money. Who’s taking the 22% loans, who’s buying houses they can’t afford on 30+ year mortgages at 8%. All of those actions make the rich richer. You want to stop the rich? Stop wasting your money. But even if you can, the rest won’t and the money will keep funneling up. Thus the real problem. But no one wants to change their life style. Instead they’ll go out and buy expensive handbags and other luxury items on lay away. You can’t stop the rich as long as everyone participates in capitalism.

Did you read what I wrote? I said when applying the term unskilled labor, it is applied to those who literally don’t have the skill and screwed up the product. Not that there’s work that doesn’t require skill. Or are you just trolling?

That’s just not true. Resources are split based on value of work regardless of the actual skill involved. The whole unskilled labor argument is nonsense to begin with as you point out, everything is a skill. If any rich person is complaining about unskilled labor, I’d assume they’re complaining that the skill of the employee doesn’t produce the results required so the person is unskilled, not that the job itself is unskilled. For example, a rich person complaining that the unskilled labor at McDonald’s isn’t a complaint that the job requires no skill, just that either the company didn’t train the person right or the person is unable to attain the skills necessary. After all, if they did everything properly, they wouldn’t be complaining about unskilled labor to begin with.

Obviously, that isn’t going to stand true for every instance of unskilled labor. But what it seems to me is that you’re confusing the rich with the poor. People like your parents complain about unskilled labor because they don’t understand what the rich are saying. I see that a lot. But that’s like using people who don’t understand rocket science complaining about solar flares affecting rocket ships. It’s a massive misunderstanding between the scientists who are talking about solar flares and the common man who doesn’t understand.

You understand that is a skill in and of itself. Which is why so many day traders end up going bankrupt. To be able to actually consistently make money off of money isn’t magical, it doesn’t happen automatically. If it did everyone would be far wealthier.

Thinking about it makes the argument really really poor. If I’m a construction worker who spent decades perfecting my skills so I get promoted to management, now I have to hire someone else to take my previous position. The whole point of paying someone to do something should be because your time is better spent doing something else. So a very skilled person SHOULD be paying someone to get coffee. So the whole concept falls apart.

How should I know? But you have Biden insisting he won’t enforce the law and Trump promising he’ll stop the ban and make sure tik tok stays. He’s even inviting their CEO to his inauguration. On the other hand it’s tik tok threatening to shutdown now if they don’t fix it sooner. It’s a strange turn of events but I have no idea why USA thinks begging is the appropriate move.

I mean seriously, if you want an answer ask the US government why all the important people like both presidents are begging. It’s not me making this decision.

Edit

Don’t take my word for it. Here’s an article by the rolling stones magazine on it and how all the important people are scrambling to save tik tok. No joke, I’d like someone to explain why all these important people care.

https://www.rollingstone.com/politics/politics-news/biden-dems-tiktok-ban-1235239244/

The US won’t block it, but it will be blocked. Tik Tok itself said it will turn off it’s servers and block US ips like it did with India.

https://edition.cnn.com/2025/01/17/politics/tiktok-ban-supreme-court/index.html

So it will be tik tok itself enforcing the ban. Which is hilarious. USA showed all this bravado and now has to turn around and beg tik tok to return. I fully expect in the long run tik tok will be sold to Chinese agent Elon Musk and be turned into the spy apparatus US claims it to be. The whole situation shows what a clown USA is.