| |
| |
|
Investing Information |
|
|
|
Choosing A Financial Advisor
With so many financial advisors trying to woo you with their qualifications and experience, how do find one you can trust your finances with? 'Trust' is the keyword here, as you will depend on him/her for your future financial security. A good financial advisor can help you determine which investments are best suited for you, based on your financial goals. He/She will also be able to help you with a savings program to build your assets. First and foremost, identify your own needs i.e. your risk-tolerance, insurance needs, taxes and whether you want short-term or long-term benefits. Once this is done, choosing a financial advisor becomes easy. Seek references from your friends and get inputs about their own experiences. You then need to interview the advisor and ask him questions about his experience, track record, services provided, investment approach and educational credentials. Gauge your level of comfort with the advisor as you are looking for a long-term relationship. Never hesitate to ask whatever is on your mind; however foolish the questions may sound. Always remember that it is your money and your future. Ensure that your financial advisor has the time to meet you frequently, perhaps once every three months and explain everything you need to know. He/She should be able to provide you with a quarterly assessment and advice you on any change in strategies. To get this one-to-one personal advantage, select a smaller firm than a larger one with an exhaustive clientele. Make sure that you choose an advisor who is compensated on a fee-only basis rather than on brokerage commissions. Advisors who work on commissions are obviously placing their own financial gains above your efficient financial management. They may recommend frequent and unnecessary transactions to derive benefits from them. Your advisor should be able to understand your investment style and risk tolerance. He should have the experience and the knowledge to accurately supervise your investments. Someone who has counseled clients and experienced market fluctuations will never let you down. If your advisor has started, managed or owned a business, he/she will have experience that might benefit you. In some cases a formal educational background compensates for a lack of practical experience. But, in any case, it is important that a your advisor works in a team and has experts to fall back on. Finally, find out if the advisor has any complaints or disciplinary actions on file. For brokers and securities firms, call the NASD's Public Disclosure Hotline and to check on Registered Investment Advisors, call the SEC's Investor Education Hotline. Be careful that you don't handover your hard earned money into unsafe hands. Above everything, use your own judgment. If you want your finances to flourish with time, it is essential that you choose the right advisor. Dan Noyes
MORE RESOURCES:
Investing - Google News |
|
|
|
RELATED ARTICLES
Stock Market Horizons: Gold $3,000, Oil $70 In the last two decades, even though gold prices have dwindled from $850 to $350 an ounce, there are still market gurus who predict gold price to hit $3000 an ounce. Hecla seems to be quite bullish about the future. The Conflict of Interest Game Disgruntled investors are going after Wall Street once again, this time accusing one of investment bank Morgan-Stanley's high-tech mutual funds of making biased stock picks.Recent lawsuits allege the Morgan Stanley Technology fund was influenced to buy and hold stocks of companies that delivered huge investment banking fees - or could potentially bring big business - to the investment bank. Buying a Home - Your BIGGEST Investment This column has often focused on intangible investments like stocks that a young investor might hold in their portfolio. While these are one of the most important components of an investment plan, it is not the dominant one for most young people. Should You Put Your Annuity in an IRA? Let me start by answering that question.. Angels, Are They Real? They're real, but few survive. High risk investing is dangerous to your bank balance. Angels Investors and Their Networks What is an Angel Investor? An Angel is usually a private person who invests in small businesses. The Angel is generally a successful businessperson or entrepreneur who looks to invest in a business that has potential for growing their investment in the future. Landlording 101, Tricks of The Trade Looking Inside Your Tenant's Mind Basic Mind-Reading Report 101 for LandlordsIt goes without saying but I will say it anyway. The better you understand your tenants and their personal situation, the better you can serve their needs and your own. Understanding The Real Rate of Return! There is one indicator more than any other which determines the health of an economy and it is the Real Rate of Return. Furthermore this is the simplest of all indicators to understand because it determines the safety of assets. Trading Baskets Part I Q. What is a basket?A basket is a group of up to 50 stocks that you can trade, manage and track as one entity. Maniac Investment Let's first understand what maniac means. According to Webster a maniac is "mad; raging with madness; raging with disordered intellect". When It Comes To Investing, Asking The Right Questions Can Help You Make The Right Decisions Are you ready to open your pathway to financial independence?Well you should be. The sooner the better. Bad News - Why The Financial News Media Can Cost You Money! The communication innovations we have around us today like the internet, financial newspapers, and special interest television channels focused on investing like CNBC are a high speed pipeline of nonsensical chatter. All these sources of information mean that there is no shortage of media people trying to answer our questions about the stock market and specific stocks. Numismatics are for Collectors, Not Investors As a precious metals investor, you may heard much about numismatic and "semi-numismatic" coins, particularly the St. Gaudens $20 double eagle gold coin. Building The Foundation For Wealth You wouldn't build your home on anything less than a solid foundation. Similarly, you can't build wealth and financial independence without first having sound foundational principles to build upon. Looking For a Safe Investment? Try a Certificate of Deposit If you are looking for a safe investment and you have between $100 -$1,000 to invest, you should consider a certificate of deposit or CD. When purchased through a bank, CD's are federally insured up to $100,000. Why You Need To Buy and Sell Gold Coins (Part 1) The Value of Gold in a Era of Paper Assets, Stocks, Bonds and Mutual Funds.. Learn How to Lose and Risk Management One of the leading traders on Chicago Mercantile Exchange, because of a single trade lost everything!For all of his years of experience and money, he had failed to master the most important concept in trading: Risk Management!Each trader seems to have his own unique way of identifying market opportunities. One buys a stock in the hopes of never having to sell it, while another might hold a position in the market for a day or even just a few hours. Raising Capital in Today's "New Economy" We've helped a number of clients develop business plans and raise capital from "angel" investors, corporate entities and venture capitalists during the last 6-8 years. It's always a daunting process that can be full of pitfalls and require a tremendous amount of work - but it can be done! Here is some perspective gleaned from years of experience. Making Every Penny Count More and more workers are leaving their jobs and taking their 401 k retirement plan funds with them. While some are rolling their funds over into IRAs or other qualified plans; many are taking their distributions in cash. Trading Expert Discovers Ways To Beat Stock Market Odds With Money Management The first point to mastering money management is that you have to understand when you're trading on the stock market is that you are playing the odds - but unlike many forms of gambling, you can make money. The key to making this money is to respect the risk that is part of the market, and manage it.
|
| home | site map |
| © 2006 |
