Page 15 - Moran Financial
P. 15
A Properly Designed Infinite Banking Plan
You Don’t Have to Have Risk to
Have Reward
Somehow, the financial industry has
convinced Canadians (and it has been
given wings by the media) that you have
to take high risks to receive greater
rewards. But risk is not essential to have
greater rewards. Consistency is.
Regularly we receive emails or calls from
good folks wanting to take high risks,
because some seemingly informed
person gave them a hot tip, and ask if
we would recommend it or something
similar….
Here’s Our Answer for Them…
Andrew Redleaf in his book, Panic: The Betrayal of Capitalism, writes:
“The notion that risk equals reward is worse than a myth – it’s a mass
delusion, a mass delusion that in our time has cost investors trillions
of dollars…
It has lulled an entire generation of financial advisors into
complacency about the risks to which they expose their clients… In
the real economy, risk is manifestly not the source of wealth but the
great destroyer.”
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