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Charles Massimo went from big Wall Street firms to being the CEO of CJM Wealth Management in Deer Park, managing $300 million today. He talked with us about why he left Wall Street and how to best invest with or without an adviser.
What do you see for the market for 2015? I'll give you the answer I give to everyone. I cannot predict the future. Nor do I base my investment decisions on the future. I base my investment decisions on a philosophy and discipline proven for decades. That might not be the right answer for you. But that's the answer I stick to.
Why did you become an investment adviser? My father worked his whole life as a butcher. He owned his own butcher shop. He entrusted people with his money. When he retired, he had no money. Those people he entrusted his money to did the wrong thing. I saw what happened to my father. And that had a major impact on my life. He met brokers who fed into that and put him in things that were incredibly risky like commodities and options. He got bad advice.
What...