![the wolf of wall street movie the wolf of wall street movie](https://i.ytimg.com/vi/6Kmoz4WIO-Q/maxresdefault.jpg)
Long after the credits rolled on this fantastic black comedy, following the life and career of famed and shamed stockbroker Jordan Belfort, audiences were left with further questions. Not everyone has Belford’s gift of the gab, but there are plenty of lessons for investors from the new movie’s cautionary but rollicking tale.It’s hard to believe that it’s been almost a decade since Leonardo Di Caprio enthralled audiences across the world with his portrayal of The Wolf Of Wall Street in the instant modern classic by Martin Scorsese.
![the wolf of wall street movie the wolf of wall street movie](https://img.goldposter.com/2015/04/The-Wolf-of-Wall-Street_poster_goldposter_com_52.jpg)
![the wolf of wall street movie the wolf of wall street movie](https://i1.wp.com/movie-screencaps.com/wp-content/uploads/2020/01/woflwallstreet-movie-screencaps.com-.jpg)
Here’s our Top tips to finding the right financial planner for you. Shop around and do your due diligence to find a planner suitable for your needs. However through reform, the government has been making moves to improve confidence in the finance industry. Most planners are great, but like Belfort, a few give the rest a bad name.
#THE WOLF OF WALL STREET MOVIE PROFESSIONAL#
Professional financial advice is often viewed with scepticism or mistrust.
#THE WOLF OF WALL STREET MOVIE MOVIE#
The new movie should mark a major step forward in this debt-recovery process, while also showing that it is possible to rectify past financial mistakes. He was ordered to repay investors the $100 million he swindled from clients, an amount he has helped gradually return through advising major financial institutions and lecturing on business ethics. You can rectify financial mistakesīelfort claims to have learned the lessons of his former life, which he told Reuters represented “the best of what you can do with the gifts that gods give you and also the worst you can do”. Now a best-selling author and motivational speaker, Belfort has shown there is no one formula to long-term success. Yet after declaring bankruptcy, the Bronx native applied his sales skills to work his way up the ladder and eventually establish his own brokerage firm, Stratton Oakmont.
![the wolf of wall street movie the wolf of wall street movie](https://m.wsj.net/video/20130905/090513wolfwallstreettrailer/090513wolfwallstreettrailer_960x540.jpg)
While Belfort found success on Wall Street, his first venture of a meat delivery business failed, causing him to lose his prized Porsche. There’s no single formula to long-term success In both cases, those who bought cautiously on fundamentals came out ahead of the market bulls. Investors during both the dot-com boom and recent mining boom were told they were in a new phase that would last forever. Ignore the hypeīelfort’s Straight Line System of persuading customers to part with their money aimed at building rapport, based on a logical and emotional attachment with the product.īut while a smooth-talking salesperson can generate confidence, it pays to ignore the hype. Like any other investment, it pays to not have all your eggs in one basket, particularly ‘penny dreadful’ shares, which are infrequently traded. Yet while he may have diversified his investments, many of his victims had much of their life savings tied up in the ‘guaranteed’ sharemarket stocks. Diversify your investmentsįrom yachts and planes to expensive art and wine, Belfort accumulated all the trappings of wealth during his hedonistic lifestyle, which included an expensive drug habit. While many of the US boiler rooms have disappeared, there are still plenty of scammers around ready to fleece investors who fail to do their homework before parting with their hard-earned cash. Brokers were told to follow their scripts and only give customers limited information, with the “pump and dump” scheme causing $200 million of investor losses. Do your own researchīelfort’s “boiler room” operation used aggressive sales techniques aimed at driving up prices in small stocks, allowing his cohorts to dump their shares at a profit. But what lessons are there from the playboy 1990s trader, who at his peak earned $50 million a year before being jailed for defrauding investors of millions of dollars? Surely there is some good to come from it? Guest writer Anthony Fensom looks at the key insights you can take away and apply to your own savings and investment plan: 1. The film puts the spotlight on the rise and fall of hard-partying stockbroker Jordan Belfort, portrayed by Leonardo DiCaprio. The stock market has received a lot of attention in the last month, setting the scene for Martin Scorsese’s The Wolf of Wall Street.