Cold reading used by fraudulent investment advisors. This is a person who uses the techniques associated with so called "psychics" and "speakers with the dead" to get information from people to use against them.
Cold readers fall into two broad categories - cold readers either use their skills to pretend that they have special abilities or they use them for entertainment, the same way as a magician or illusionist. The second method is for the enjoyment of everyone, the first method is to rip off people.
Using a bit of skepticism here goes a long way. If you are being confronted with an investment advisor that is asking you a barrage of questions and, in essence, reading the answers back to you instead of speaking to you and eliciting information from you to discover what are your goals, then there is an issue.
Financial advisors are to make things more clear for their clients, not confuse the issue.
So, this is but a small example of how critical thinking can go a long way. Examine if the advisor is "cold reading" you or actually trying to discover what you want.
We will move on to another area tommorrow.
As always, have a great and fraud free day.
http://www.tauskvega.com
--------------->>>>>>>>>>>>>gene tausk
Cold readers fall into two broad categories - cold readers either use their skills to pretend that they have special abilities or they use them for entertainment, the same way as a magician or illusionist. The second method is for the enjoyment of everyone, the first method is to rip off people.
Using a bit of skepticism here goes a long way. If you are being confronted with an investment advisor that is asking you a barrage of questions and, in essence, reading the answers back to you instead of speaking to you and eliciting information from you to discover what are your goals, then there is an issue.
Financial advisors are to make things more clear for their clients, not confuse the issue.
So, this is but a small example of how critical thinking can go a long way. Examine if the advisor is "cold reading" you or actually trying to discover what you want.
We will move on to another area tommorrow.
As always, have a great and fraud free day.
http://www.tauskvega.com
--------------->>>>>>>>>>>>>gene tausk
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