Notes

Obtaining the Best Investment Advice - What you ought to FIND OUT ABOUT Your Investment Advisor
Looking for great investment advice? Here's what you must know: Can be your prospective investment advisor in the day to day business of actually making money? If not, the advice you get will probably not be very useful and could get you in big trouble. But that's just the end of the iceberg. Continue reading for more questions you should ask.

In the end, investment advisors come in many flavors: insurance salesmen, stock brokers, financial planners, and so on. They offer advice from real estate investing to estate planning. That's the reason why, should you be truly seeking "Investment" advice, you should find somebody who actually understands learning to make money by investing.

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

Why fee only? Because either way, an advisor's income is directly tied to their advice. You wish to make sure that they'll benefit from providing you advice that benefits you, not advice that benefits them.

An advisor who works on a fee only basis could have the primary objectives not to lose portions of one's 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), she or he will have a fiduciary responsibility to YOU.

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

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

Should you have invested for any length of time, you know the difference between stocks, bonds, mutual funds and annuities. But what Retirement Plan Consultant NYC may not know is which forms 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. It is best to inquire further about their "investment philosophy" i.e., how would they manage your cash?

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

Yes, that's a substantial amount of jargon. I would not be expectant of most people to know the intricacies of every method. But what you need to understand and ask is which kind of system they use.
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