When was the last time you went to the doctor? Chances are you do, or at least should have, seen your primary care physician within the last year for your checkup. Isn’t that how you are supposed to do it? Go get your annual checkup. He checks your height, weight, blood pressure and blood work. Then a good doctor will ask you how things are and maybe even get to know you a bit. As you get older there are more risks to be concerned about and you start getting a few more tests done, things like EKGs, prostate exams and mammograms. So what happens if there is a problem?
Maybe you have some concerns or issues, maybe a test comes back with something that needs to be looked at. Does your primary care physician handle it or does he send you to a specialist? Let’s see there are Cardiologists, Dermatologists, Endocrinologists, Gastroentrologists, Gynecologists, Immunologists, Neurologists, Oncologists, Podiatrists, Radiologists, should I continue? Then you can even expand it to cover Dentist, Psychiatrists, Optometrists, Orthodontists, Audiologists, the list goes on and on. Do you know what I think is the best part? The refer you to the specialists. Why do they do that?
Then there is the financial industry. Have you heard from your financial planner lately? You should have had your annual checkup, how did that go? I’m guessing that you might have had a few concerns with the way the economy and the market are going. Let me guess he sent you to a specialist right? No. Oh right, financial planners know it and do it all. I can think of 27 different areas for financial planning right off the top of my head (I’ll spare you the list). That’s just the basics. They must be an expert in everything if they aren’t referring you.
Did you ever ask your financial adviser to see what they are an expert in? Did you ask your doctor? How similar are there answers? So you have a different person for your eyes than your ears. Someone different for you knee than for your teeth. Yet you use the same person for your whole financial world. Nowadays you even see CPAs, Attorneys and bankers doing financial planning. Is there something wrong with this picture?
Follow my feed, follow me on twitter and e-mail me.
Related posts:
{ 1 trackback }