In the 2000 movie “Boiler Room,” a shady stockbroker scams a hapless investor into losing his life savings. Pressured by the broker, the investor keeps shoveling more money into worthless shares. All along, he keeps reassuring his wife that they will make a fortune as he sinks deeper into debt. In the end, his poor judgment causes him to lose his family.
It’s painful to watch. But for financial advisers, it’s all too common to meet clients who have lied to themselves — and others — about their botched investments or compulsive…
This post was originally published on Market Watch
