Finally, a voice of reason on the set of CNBC today. If you follow me on Twitter, or have read some of my other blog posts, you might be familiar with Josh Brown–a New York based financial advisor, not the NFL kicker. In addition to being a financial advisor, he has a well-read blog, The Reformed Broker, writes for numerous publications, and is a regular face on CNBC. While I usually despise most of CNBC’s personalities and its overall agenda, I’ve always respected Josh’s approach to financial advising and the markets. I also have a lot of respect for him because he provided some very insightful advice to me as I was planning on starting my own company. He didn’t have to respond to my email, and he certainly didn’t have to take my phone call. But he did, and probably unbeknownst to him, he had a huge impact on my future.
Now, before this turns into a lovefest, I want to share a clip from today’s Halftime Show on CNBC. Rather than discuss stocks and the market like he normally does, we were able to hear from Josh Brown the financial advisor. Rarely do we get an advisor’s perspective on CNBC, so I had to share Josh’s words–I would have done this regardless of who the advisor was. If you’ve never met Josh, all me to introduce you:
Trade School: @ReformedBroker says not to panic when the Dow loses 500 points https://t.co/xsy930ZW3c
— CNBC Halftime Report (@HalftimeReport) January 20, 2016
It’s times like these that financial advisors earn their pay. Yes, the work we do while the markets are up, or at least calm, is important, but our ability to communicate to our clients and keep them from derailing their financial plans due to emotions is our most valuable trait. If your advisor isn’t taking the time to educate you on your plan and investment strategy throughout the year, or is nowhere to be found during volatile times, then it may be time to start looking for someone who will–I know of one place to start!
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
