Notes

Obtaining the Best Investment Advice - What you ought to FIND OUT ABOUT Your Investment Advisor
Looking for great investment advice? Some tips about what you must know: Is your prospective investment advisor in the day to day business of actually earning money? Or even, the advice you obtain will probably not be very useful and could allow you to get in trouble. But that's just the end of the iceberg. Continue reading for more questions it is advisable to ask.

In the end, investment advisors come in many flavors: insurance salesmen, stock brokers, financial planners, and so forth. They provide advice from real estate investing to estate planning. That's the reason why, in case you are truly seeking "Investment" advice, you have to find someone who actually understands how to make money by investing.

That someone shouldn't be your relative. And you definitely shouldn't base your investment strategies on a tip from a friend. Instead, find somebody who is well educated in financial matters, properly credentialed, and, most of all, works on a fee ONLY basis.

Why fee only? Because in any event, an advisor's income is directly linked with their advice. You want to make sure that they'll benefit from giving you advice that benefits you, not advice that benefits them.

An advisor who works on a fee only basis could have the primary objectives never to lose portions of your portfolio and to take the least quantity of risk for a required rate of return. And contrary to popular belief, if you work with a Registered Investment Advisor (fee only), they could have a fiduciary responsibility to YOU.

Most other advisors work for a commission. Which means, that they will always have their eye on how much commission they will earn, which creates an integral conflict of interest.

Of course, it really is up to you to get, investigate and understand how your prospective advisor works. Specifically, how are they going to manage your money...

For those who have invested for any length of time, you already know the difference between stocks, bonds, mutual funds and annuities. But what you might not know is which types of investments are truly best for your particular circumstances.

And whether you pay your advisor directly versus whether your advisor earns commissions for the investments will make a huge difference in what results in your portfolio. You should always ask them about their "investment philosophy" i.e., how would they manage your cash?

Fee-only or not, there are a number of approaches to investing money. Many investment advisors have confidence in Modern Portfolio Theory and Asset Allocation. Some are strategic or tactical advisors, while some yet use fundamental or technical analysis.

Yes, that's Retirement Plan Consultant NYC of jargon. I would not expect most people to learn the intricacies of every method. But what you need to know and ask is which kind of system they use.
Homepage: https://ruggieroinvestments.com/