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Take a moment to take the mhj3.com Compatibility Test:

• Would I do business with me?
• Would I build a financial future with me?
• Would I entrust my life savings with me?
• Would an investor, Warren Buffett for that matter, agree that I know what I am doing if he were present while I went through the investment selection and investment portfolio creation decision making process in preparation for proposing his investment course of action?
• Would I invest my capital as proposed if I were to receive one of the investment plans I recommend to others?
  

1. Do you prefer to muddle along selling random, isolated, often frequent investment transactions, one at a time, to access just a small portion of an investor's assets rather than creating and recommending investment portfolios, as the basic unit of trade, and controlling all of an investor's assets?
2. Do you prefer to continue to hide behind the skirts of Modern Portfolio Theory (MPT) and all of its illegitimate relatives?
3. Do you choose to use mindless Investment Planning Software, infested with Pie Charts, graphs, data-dumps, and Beta-Babble, to create the illusion of sound investment analysis, screening, and selection that suggest to the investing naïve and unsuspecting that past performance, contrary to fact and law, is, in deed, an indicator of future investment results?
4. Have you decided or have you been trained to blindly accept and trust in MPT?
5. Would you be lost and unable to survive without uttering and relying on beta, alpha, standard deviation, and other investment related instant gratification, get rich quick investment schemes, shortcuts, fads, and hoaxes?
6. Are you limited to communicating in the only investment language you have ever learned; pie chart and graph?
7. Is it true that most stockbrokers and investment advisors are ill-prepared for being" Wrong" even though the financial markets have being "Wrong" built into them?
8. Do you confuse a knowledge of the investment past and the ability to illustrate it, using past tense historical investment data, fundamental analysis, and/or Technical Analysis, with insight into the investment future, while creating fantasia-like Monte Carlo Analysis projections and chasing Efficient Frontiers to justify investment change?
9. Would you rather be just part of the heard and say and do pretty much what the rest of the heard is saying and doing even though most of what the heard is saying and doing is not very good and some of it is not good at all?
10. Is it true that investment history and investment hindsight, other than reference points for considering investment selection, provide neither investment insight nor investment foresight.?
11. Do you agree that investment Advisors almost always announce the required, responsible, and absolutely true investment footnote, "Past performance is not a guarantee of, …is not necessarily indicative of, …is not a true indicator of future investment results," and then often proceed to use past performance as the primary basis for making investment recommendations and projecting future investment results?
12. Is it true that stockbrokers and investment Advisors often expose investors to "hit and run" investment advice "selling" random, isolated, sometimes frequent transactions with no clear investment goal in mind?
13. Do you prefer to be an investment advising generalist (rather than a skilled investment advising practitioner) who is superficially and conversationally competent in many wealth management related issues but master of none and who chooses to focus more on the marketing, gathering, and moving of capital than on the advising, building, and protecting of capital?
14. Would you agree that you would have grave reservations about the skill levels of professionals in other fields of advising expertise who would use pie charts to explain what you should do if you sought their advice.? Your Accountant:
15. "I prepared your tax return for you in a detailed pie chart format to give to the IRS." Your Attorney: "You will save some money if I do a multicolored pie chart corporate restructuring for you." Your Doctor: "Here are your pie chart physical results. The pie chart indicates that we should remove all of the yellow and add a little more red when we go into surgery and open you up in a few minutes. By the way, you are in luck because the sliver of black in the pie chart seems to indicate that anesthesia will not be necessary while we operate on you on."
16. Have you chosen to succumb to the grandest misdirection play Wall Street has ever perpetrated on stockbrokers, investment advisors, and investors; that most stockbrokers and investment advisors cannot beat the indexes, that investment timing is not possible, that both issues should be deleted from the investment advising process, and that investors should accept just being average and should invest in unmanaged index fund-like investments?
17. It is true that there is no basis whatsoever to use historical investment information generated from the investment tools above to conclude, suggest, infer, or even hint that the past performance of recommended investments will repeat themselves similarly or exactly in the future as they did in the past in much the same order and with similar or the same frequencies, durations, levels, relative valuations, and volatilities; absurd, as anyone who has spent more than a nanosecond in the financial markets would, should know!
18. Would you agree that if surgeons, for example, where held to the same skill, discipline, procedural, accountability, and performance standards as many stockbrokers and investment advisors, if the tools they used were of the same quality and integrity in their specific fields of expertise as those used by most stockbrokers and investment advisors in their respective circles of responsibilities, few patients would survive their operation?
19. Would you agree that unless stockbrokers and investment advisors, in general, upgrade their investment advising capabilities to being truly unique investment advising experts, the extinction of stockbrokers and investment advisors (no different than what is currently and most regrettably, taking place with Specialists on the NYX) is a distinct possibility as investors go to the Internet and find what most stockbrokers and investment advisors currently offer for free with the hope of finding what they deserve; mature investment advising judgment and intelligent, competent investment advice?
20. Is it true that the reason most stockbrokers and investment advisors underperform most market indexes most of the time not because of the investments they select, not because of the markets, but because they refuse to be disciplined while selecting investments and managing investment portfolios preferring to rely on rhetoric, explanations, excuses, hope, and pie charts to save the day?
21. Is it true that most stockbrokers and investment advisors do not have their own investment selection and portfolio management philosophy, style, or disciplines in place in order to make informed, insightful, visionary investment recommendations that go well beyond the usual jargon of the day; management is good, the beta is..., the analyst said..., you will increase your income, they have done well in the past, they have done better than the investment(s) that you currently have, and look at my pie chart?
22. If all of your clients' statements were laid out from left to right, would they reflect a gradual shift in the use of and the emphasis of investment sectors and their underlying investments as you moved across the investment risk/goal spectrum of your clients' investor investment profiles; from conservative to aggressive and from all income to more income than growth, to more growth than income, to all growth?
23. Or, do you apply the worst of all worlds investment advising styles; using pretty much the same investments for all investors regardless of investors' investment profiles and objectives?
24. Would you agree, despite modern investment advising notions to the contrary, that investment performance is determined by four equally important investing control variables; Define the Goal (Direction), Investment Selection Disciplines, Rules, and Procedures, for example Bonds (Opportunity), Investment Timing (Efficiency), and Portfolio Management Disciplines, Rules, and Procedures (Discipline/Control)?
25. Have you developed your own "personal investment advising prospectus" describing and detailing who you are, what you represent, and how you conduct your business -from tee to green- to establish that you do, in fact, know what you are doing, and that you have a unique, proprietary investment advising value to separate you from the rest of the pack?
26. As a simple example for this question, if you decided, because of market conditions, that all of your clients should have less, more, and new numbers and weightings of different investment sectors and underlying investments, whether they be individual bonds and equities, mutual funds, money managers, and user defined investments, would it take you more than a minute to create new, updated portfolios for all clients affected by this change?

The correct answers to questions 1, 8, 11, 12, 13, 15, 17, 18, 19, 20, 21, 22, 24, and 25 are "Yes."