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Getting the Best Investment Advice - What You Need to Know 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 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. Read on for more questions you have to ask.

After all, investment advisors can be found in many flavors: insurance salesmen, stock brokers, financial planners, etc. They provide advice from real estate investing to estate planning. This is why why, should you be truly seeking "Investment" advice, it is advisable to find someone who actually understands how you can make money by investing.

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

Why fee only? Because long island wealth management , an advisor's income is directly linked with their advice. You intend 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 never to lose portions of your portfolio also to take the least amount of risk for a required rate of return. And contrary to popular belief, if you utilize a Registered Investment Advisor (fee only), he / she could have a fiduciary responsibility for 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...

If you have invested for any amount of time, you know the difference between stocks, bonds, mutual funds and annuities. But what you may 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 the investments will make a huge difference in what ends up in your portfolio. It is best to ask them about their "investment philosophy" i.e., how would they manage your cash?

Fee-only or not, there are a number of methods 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 quite a bit of jargon. I would not expect most people to learn the intricacies of each method. But what you need to understand and ask is what type of system they use.
Here's my website: https://ruggieroinvestments.com/
     
 
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