Summary
In episode 7 of Thinking Independently, Conor Delaney interviews Noah Brooks, Chief Market Strategist at Good Life Companies. They discuss Noah’s journey in the investment world, his early career, and the evolution of financial advisory services. The conversation delves into the importance of financial planning, the impact of emotions on investing, and the strategies that advisors should adopt to succeed in the industry. Noah shares valuable insights for newer advisors and emphasizes the need for a client-first approach in financial planning.
Takeaways
- Noah Brooks aspired to be a CNBC commentator from a young age.
- He started his career in the investment industry in 1997.
- The importance of work ethic and passion in financial advising.
- Noah’s first investment was in Sarah Lee and Merck in the 90s.
- The significance of compounding in wealth growth was a major realization for Noah.
- Advisors should lead with planning rather than just investment performance.
- Emotional investing can lead to poor decision-making.
- The planning aspect of financial advising is becoming increasingly important.
- Advisors should not try to time the markets based on political events.
- Younger advisors should think like CEOs and prioritize client relationships.
Disclaimer
The opinions voiced in this podcast are for general information only and are not intended to provide specific advice or recommendations for any individual to determine which strategies or investments may be suitable for you. Consult the appropriate qualified professional prior to making a decision. The economic forecast set forth may not develop as predicted, and there can be no guarantee that the strategies promoted will be successful. All performance referenced as historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.