Financial advisors

Some people pay a lot for financial guidance. I have just withdrawn from Morgan Stanley Smith Barney. They handle a huge amount of dough. However, what I have bought through them, with advice from a broker, have been mediocre. In fact, if I had followed every instructions by my broker, I would have been poorer.

While I am aware that my own self-managed portfolio is high risk, the performance has outweighed the risk factor. And if markets crumble around the world, then sentiment will affect my stocks adversely. When equity falls, gold is traditionally the safe haven. So why not invest in gold companies? That is, gold companies with gold in the ground.