If you want to communicate effectively, stop talking, stop trying to convey any information. Instead, ask thoughtful questions.
You’re Asking the Wrong Questions
A critical component of The Solin Process℠ is asking questions. When advisors tell me they ask questions, I ask them to provide examples. Here are some common ones:
Don’t Do This!
It’s impossible to predict which asset classes will outperform in any year. You could get lucky, and pick a winner. But over time, you’re likely to be a loser.
Say “No” to Saying “No”
It’s a mistake to quickly say “no” to something that might not offer immediate benefits. You never know when a kind act will benefit you in unexpected ways.
Misplaced Assumptions
Don’t assume that prospects and clients should be interested in financial data. Some are. Others will tell you they trust you to do right by them without getting “into the weeds.”
Cramer vs. a Coin Toss
Should you rely on Jim Cramer or toss a coin to tell you whether to buy a stock?