Pond's Laws on Financial Advisors

On Financial Advisors

Pond’s Law of Credentials
There is no relationship between the number of credentials a financial advisor has earned and his or her level of competence.

Pond’s Law of Trust
Anyone who says “trust me” can’t be trusted.

Pond’s Law of Verbosity
The longer it takes an investment advisor to explain an investment, the lower the ultimate profit you will earn on it. (The most successful investments can be explained in one sentence.)

Pond’s Law of Brokers
The more frequently your broker urges you to buy and sell securities, the broker you’ll become.