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Stock Advice From My Barber


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October 29, 2023

Regularly getting a haircut and carrying on conversations with "trusted" service providers opens doors to interesting conversations and unsolicited advice.

When we are familiar with someone, we often share ideas, talk about what's going on in our lives, and bring up our job successes and dilemmas.

The other day, my barber, who is very proud of his title as Master Barber, gave me another fantastic haircut. During our time together I mentioned that the market has been very volatile, and this is often a time that my clients question the performance of their investments. I could see the excitement build in his eyes, as he prepared to share his "guaranteed" investment advice, that he said with full confidence that it could not fail. "Oil", he said, "buy oil companies because the conflict in Israel was going to cause huge shortages world-wide."

I gave him time to share his idea, perhaps too much time as he went on and on about this no-fail solution to succeed in the current market. Then I asked which companies he liked, to which he didn't have an answer. I explained to my barber that there are thousands of companies that have oil exposure and picking the right ones isn't all that easy, and then I asked him if he had heard or read about the economy and the likelihood of a recession.

There was a change in his tone, as he said, "oh yes, absolutely, we are headed for a recession." Then I asked him what typically happens in a recession, and he said that "the economy slows down, and everything goes to south."

I explained that if the economy takes a down-turn, maybe unemployment will rise, less people will travel, less goods will be shipped, and there is a higher likelihood that oil needs could be reduced - which would probably cause the demand for oil to weaken and cause the price of oil to fall.

My barber thanked me for the education and said, maybe oil isn't the best investment right now. I told him that I appreciated his thoughts and let him know that he could be right with his idea, but we never know for certain what is going to happen in the stock market or geo-politics. Some advisors get it right occasionally, but nobody gets it right all the time.

Master Barber is a title that was earned, and my barber is without a doubt an expert in his field. I've trusted him with maintaining my hair for years and will continue to recommend him to my friends. However, for the same reason that I would never recommend buying sushi from a gas station, I won't be acting on investment advice from my barber.

As with most professional fields, a Financial Advisor's education doesn't end with their credentials, it is a constant, demanding requirement to maintain and learn better ways to help those who trust their advisor to help them make more informed financial decisions.

I've spent decades studying the market, taking professional courses, earning an MBA in Financial Management, teaching Financial Management at the Navy Postgraduate School, and getting credentialed to put my education/hobby and passion for helping others to work. I am a financial advisor and I practice wealth management to take care of my clients. Many of my clients call me dad, because I am always there for them when they want advice on whether to buy/sell their cars, houses, airplanes, boats, stocks, etc. I don't always have the perfect answer, but I always weigh the potential costs and benefits to help them make their decision and Breathe Easier® about life!

If you would like to receive more information on making smart money moves for your future, be sure to contact us today!


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About the author

Anthony Seifert

Anthony Seifert

Managing Director, Private CFO®


MBA Financial Management

Anthony grew up in Rockford, MI and developed a passion for the stock market when he was only 12. His interest stemmed from the occasions his father and grandfather would talk about the market and various business opportunities after their family get-togethers for Sunday Brunch. He served his country in the Navy by enlisting in 1992 and later commissioning as an officer upon college graduation and retiring as a Lieutenant Commander in 2016. As an undergraduate, he attended the University of South Carolina where he met his wife, Janna, and later earned an MBA in Financial Management graduating with honors from the Naval Postgraduate School (NPS) in Monterey, CA. Anthony taught courses in finance and executive decision making at NPS with the Defense Resources Management Institute to senior military officers of all services as well as civilian defense officials from the United States and 170 partner nations. Anthony's passion to travel and Navy adventures has encompassed 79 countries (and growing). Following his Navy career, Anthony turned his passion for the stock market into a career as a financial advisor and absolutely loves helping others understand their own personal resources. He thrives on teaching his clients about the market, understanding financial risks and their family balance sheet, and finding ways to responsibly grow their net worth. Outside of work, Anthony loves spending time with Janna, his two teenage children, and his dog. Anthony loves the water and is often off-shore on his boat fishing or cruising with his family and friends.

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice. Investor Disclosures: https://bit.ly/KF-Disclosures

The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor with regard to your individual situation.

Background and qualification information is available at FINRA's BrokerCheck website.

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Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice. https://Bit.ly/KF-Disclosures

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