My barber, who happens to be my brother, told me that a stock I suggested he buy went to zero. I did not remember giving him any stock tips but when he told me the ticker, alarm bells went off in my head. I did tell him to buy this stock in 2021 when many unprofitable companies trade at sky high valuations. This normally happens when money is cheap to access and investors start seeking higher risk.

Stock tip:

• Focuses on a specific stock: It suggests buying or selling a particular company's stock, often based on recent news, market trends, or personal opinions.

• Limited consideration of individual circumstances: It doesn't take into account your financial goals, risk tolerance, or overall investment portfolio.

• Can be from anyone: Anyone, including friends, family, or online sources, can offer a stock tip, regardless of their qualifications or expertise.

• Unregulated: There are no regulations on who can give stock tips, and the information might not be reliable or accurate.

Financial advice:

• Holistic approach: Considers your overall financial situation, including income, expenses, debts, and risk tolerance.

• Tailored recommendations: Based on your individual needs and goals, a financial advisor can recommend a suitable investment strategy, including specific stocks, bonds, or other financial products.

• Provided by qualified professionals: Financial advisors are typically licensed and have relevant training and experience in investment management.

• Regulated: Financial advisors are subject to regulations and standards to ensure they provide accurate and ethical advice.

DISCLOSURES:

The information provided is for educational and informational purposes only and does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. You should consult your attorney or tax advisor.

The views expressed in this commentary are subject to change based on market and other conditions. These documents may contain certain statements that may be deemed forward looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Any projections, market outlooks, or estimates are based upon certain assumptions and should not be construed as indicative of actual events that will occur.

This document is for your private and confidential use only, and not intended for broad usage or dissemination.

No investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment. All investments include a risk of loss that clients should be prepared to bear. The principal risks of CWA strategies are disclosed in the publicly available Form ADV Part 2A.

Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income. You cannot invest directly in an Index.

Past performance shown is not indicative of future results, which could differ substantially.

Consilio Wealth Advisors, LLC (“CWA”) is a registered investment advisor. Advisory services are only offered to clients or prospective clients where CWA and its representatives are properly licensed or exempt from licensure.