Marc Bineham

speaker

467 appearances 1 recordings 1 series first heard Aug 2022 last heard Aug 2022

Marc Bineham’s voice in public audio — every appearance, attributed to the second.

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No, you only need to wait six months or 12 months and then the share market all there.

So as long as I keep it in cash and talk, I've seen share markets in 2020 exact, for example, that was three months.

No one picked that was going to come back.

And it's like 60, 70% of the rise was on one day.

So you can't pick it.

It really is too hard.

And so, um,

I think it's just a matter of getting advice to sort of sometimes do nothing is the best advice at all

Yeah, it is.

But having at least someone who is there to tell you that is important.

And I think in the past, that's where I think financial advisors, especially as I said, the 2008 global financial crisis,

We had had probably 10 odd years of really, really good returns.

And a lot of new advisors to the industry had never seen a negative return.

So when it happened, they didn't know what to do.

And unfortunately, I think a lot of them found out, well, you know, we're hiding because we don't want to have all these unhappy clients.

Whereas it's actually, we now know in anything in life.

Bad news, you've got to be on the front foot.

You've got to actually try and help people understand and help them through this.

And I think the modern advisor is well equipped to do that.

Yeah.

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