Roger Montgomery is the Founder and Chairman of Montgomery Investment Management.

Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading, and stockbroking.

Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited, and Merrill Lynch.

This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No.

354564).

The principal purpose of this post is to provide factual information and not provide financial product advice.

Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product.

Any commentary and statements of opinion, however, may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances, or needs.

Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances, and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions.

This post specifically excludes personal advice.

This opinion is provocative; however, I believe financial advice today is where medicine was during the 1666 Great Fire of London, where remedies such as applying animal dung to burns did more harm than good in many cases.

Financial advice is just as hit and miss today, with a large proportion of people being worse off than if they managed their own money and never came in contact with a financial advisor.

Having delivered a superior track record of returns and capital preservation, investors also benefit from an emphasis on transparency and communication, and a dedication to long-term relationships.

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