“Bat-Socks, Vegas, & Conservative Investing”, by author and financial planner Dave Vick captures the essence of conservative investing with his colorful stories and impassioned insights into the world of retirement planning. The book illuminates a conservative investing strategy called the “ABC Model of Investing” which gives the average investor the ability to know with confidence how and what type of assets they need to accomplish their goals. With chapters like “Santa & Six Wall Street Myths” the author makes the case that Wall Street is a broken, “Greed is Good” culture which functions solely for its own benefit while leaving the conservative investor wondering where to go for advice.
The “ABC’s of Conservative Investing Workshop” is designed to take the conservative investor through the concepts in the book “Bat-Socks, Vegas and Conservative Investing” by Dave Vick, a financial planner, author, and speaker who trains financial planners across the country. The workshop materials highlight the “ABC Model of Investing” [...]
Build your ABC profile to determine your risk! Developing your ABC Plan is as easy as 1-2-3.
“We live in crazy times. Upside-down times. When all the price tags in the store seemed to have been changed overnight and no one has noticed. Where a pair of socks has the price tag of a video camera, and a suitcase the tag of a q-tip. Our values are out of whack. We pay a guy who can shoot a basketball through a hoop millions of dollars, while a social worker who is in the trenches changing lives day in and day out struggles to pay the electric bill and wonders, “why?”.
These values are ever present in the Wall Street community and that is what I mean by the culture being broken. If the center of the financial universe is Wall Street and that culture’s values are broken, then those who listen to Wall Street’s advice are in serious trouble.”
“We need a new voice. A new way to understand how to invest that makes sense to Ma & Pa Lunchbucket, and to millions of Boomers who are depending on sound financial counsel to live out their retirement…Wall Street is a broken, disconnected culture and the average conservative investor needs a financial plan that makes sense. Mom and Dad use to call it common sense. I don’t think Wall Street knows that term.”
“…the conservative investor is confused by Wall Street. Huge dollars, mega-deals, hot cars, expensive suits, fancy jewelry, and greedy advisors who each week it seems pull off investment scams bilking average investors out of their retirement savings. It seems like there is just no conscience. The government regulators seem inadequate and unable to stop the onslaught of Wall Street greed.
What is the typical Wall Street Model of Investing? To begin with it is based in a “greed is good” philosophy. Once you understand who it’s “good” for, you will know why people get so discouraged.”
“The second problem with Wall Street is it is too complicated. Wall Street forces you to rely on the professional to not just acquire the investments needed, but to decide for you what conservative looks like in a plan…Understandably, most conservative investors do not have a clue when it comes to evaluating and choosing stocks, bonds, mutual funds, annuities, or even know what a REIT is. They don’t even know the majority of money markets are not FDIC insured! They are standing at the edge of the investing dock, anxiously wondering if this chattering teethed broker in the water knows what he’s talking about with no way of being sure.”
-As Quoted from “Bat-Socks, Vegas and Conservative investing”
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