How do you explain the magic of markets to new investors? IFAs are often stunned at how little is un...
How do you explain the magic of markets to new investors? IFAs are often stunned at how little is understood about what makes the money world go round, and they struggle to find metaphors to describe it. Some talk about cars and engines, others about football teams and strategies But one of the best I have heard so far is from a seasoned IFA who was presenting to a couple with two young children. "It's like Snap!, Old Maid (two card games) and musical chairs," he said. "You mustn't say 'Snap!' too early or too late, you try to pass your Old Maid on to someone else, and when the music stops...
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