Jordan Belfort

A financial planner can be good for things like tax planning.

Okay.

Setting up certain types of retirement accounts, education accounts.

Nothing wrong with that.

But as soon as they start trying to direct you into certain investments, unless they're saying to you, you should buy this S&P 500 index fund.

There's some very ethical ones that will do that and guide you into the right type of investment in vehicles.

When they start going to complex annuities and all this shit, you don't need it.

Historically, and this is not even...

This is not my information.

All I did was I gathered all the information, what everyone knows to be true on Wall Street.

And no one will argue that I'm writing this book.

I'm right.

It's the truth.

So I didn't invent these strategies.

A guy named Jack Bogle is really responsible for creating the index fund.

But in terms of like, you know, how do you really build a portfolio?

It's known.

Everyone knows how to do it.

But Wall Street advertises it their way into the hearts and minds of people and gets people convinced that they should be engaged in

short-term trading, trying to time the market, that you could actually have a stockbroker who's going to beat the S. It's ludicrous.