Alex Cabot and Ed Lambert of Birch Run Financial have been working in this industry for over 20 years, and they've seen a lot of interesting financial products. Today, they take a look back at some of these investments and why they didn't work out. The list includes:
Negative Amortization Mortgages
Financial Engineering
High Yield Debt/Bond Products
Illiquid and Opaque Strategies
Fixed Index Annuities
Cryptocurrency
Viatical Settlements
And finally, totally fraudulent products and strategies
In the end, it all boils down to common sense. If an investment strategy appears too good to be true, promising unrealistic returns, that should give you pause. That's why Alex and Ed believe in a long term, diversified investment strategy. If you'd like to have a free, no-obligation conversation with them and the team at Birch Run Financial, reach out.
Birch Run Website: www.birchrunfinancial.com
Birch Run Financial email: info@birchrunfinancial.com
Birch Run Financial Phone Number: (484) 395-2190
Alex and Ed have a new book out, Mastering the Money Mind: A New Way of Thinking About Personal Finance. You can contact them below for a copy or find it on Amazon here: https://www.amazon.com/Mastering-Money-Mind-Thinking-Personal-ebook/dp/B09YB9J315