Why you shouldn't use a financial planner to manage your money

I've been doing a bunch of networking lately and I always run into financial advisors as you can imagine.

Wht really amazes me and it really shouldn't because I've been doing this for over 20 years is that 99.999% of the financial people I run into really don't know what their doing when it comes to managing peoples money. Most of them run some kind of computer generated program that tells them that the client is conservative,aggressive fairly aggresive ,very aggressive etc etc etc.After that is done it has these prepackaged portfolios where you should allocate into anywhere from 5-20 different "products" usually mutual funds and usually based on something called modern porfolio theory.

Thisnever worked for me because I don't get putting 30-40-50% of your investable assets into underperforming sectors and call it asset allocation/diversification.

Doesn't it make more sense to over allocate to those sectors that are outperforming.Of course it does but these financial people have been brainwashed into thinking if you diversify your doing the right thing. Plus it takes them off the hook.

Then they go on to tell me that no one can time the market and I try to tell them that no one is trying to time the market but if you followthe trend you don't have to time the market. You get in when the market is in an uptrend and you lightnen up when the market is in a downtrend.

It'sfinally occurred to me after 25 years that I am pretty unique in what I do. But what I don't get is why these people think there doing a good job for the client.

look I was a CFP(certified financial planner) but I dropped it because I wasn't interested in financial planning. I figured it out that financila planning is telling a client to saveas much as they can earn as much as they can and invest as much as they can. Thats basically financial planning.

So I decided that I would become an expert in one area and that area is managing money/making it grow/capital preservation. i still believe there is a place for insurance and estate planning but I leave that to others.