Greenie, you don’t belong in personal advisory. You belong in institutional. Unfortunately, whatever tumbleweed-ridden backwater you’re in out in west Texas doesn’t have anything, so you’ve done the best with what you’ve got available. And I say that not as some left-coast liberal elite snob, but as a man that sank a number of years myself in flyover country.
Thus, until you move the family somewhere serious, you’ll be forever condemned to listening to the senseless rationalizations of some bolo tie and dinner plate belt buckle-wearing, cigar chomping, cowboy hat-sporting huckleberry who thinks he has the world under control. And in some sense, he does, since there are no natural predators to shut this fool down out where you are.
I have had to interact with advisors who spout s#!t like this all the time, and I find myself in shock that these people are allowed to operate in the industry unchecked, putting the financial futures of people like my father and mother, grandparents, etc. at risk without knowing the most trivial things about investing. These people should be run, run, run out of the industry.