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Obtaining the Best Investment Advice - What You Need to FIND OUT ABOUT Your Investment Advisor
Looking for great investment advice? Some tips about 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 obtain will probably not be very helpful and could allow you to get in trouble. But that's just the end of the iceberg. Continue reading for more questions you must ask.

In the end, investment advisors come in many flavors: insurance salesmen, stock brokers, financial planners, and so forth. They provide advice from property investing to estate planning. This is why why, in case you are truly seeking "Investment" advice, you must find someone who actually understands learning 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 a person 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 tied to their advice. You wish 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 will have the primary objectives never to lose portions of one's portfolio also to take the least quantity of risk for a required rate of return. And believe it or not, if you work with a Registered Investment Advisor (fee only), she or he will have a fiduciary responsibility to YOU.

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

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

Should you have invested for any amount of time, you already know the difference between stocks, bonds, mutual funds and annuities. But what you might not know is which forms of investments are truly best for the particular circumstances.

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

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

Yes, that's quite a bit of jargon. long island wealth management would not expect most people to learn the intricacies of every method. But what you need to understand and ask is which kind of system they use.
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