I merely claim that historically
That is not true. You advise your clients to act a way which implies a specific forecast: that the “markets” will, in the future, outperform other assets, e.g. cash, over the relevant holding period.
Quite right. Any financial advisor who does not do so is being grossly irresponsible.
That is not true. You advise your clients to act a way which implies a specific forecast: that the “markets” will, in the future, outperform other assets, e.g. cash, over the relevant holding period.
Quite right. Any financial advisor who does not do so is being grossly irresponsible.