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Getting the Best Investment Advice - What you ought to Know About Your Investment Advisor
Looking for great investment advice? Here's what you must know: Can be your prospective investment advisor in the daily business of actually earning money? Or even, 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 need to ask.

After all, 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. This is why why, for anyone who is truly seeking "Investment" advice, you need to find a person who actually understands learning to make money by investing.

That someone should not be your relative. And you also 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 importantly, works on a fee ONLY basis.

Why fee only? Because in any event, an advisor's income is directly tied to their advice. You would like 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 one's portfolio also to take the least level 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. That means, that they will always have their eye on what much commission they will earn, which creates a built-in conflict of interest.

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

In case you have invested for any amount of time, you know the difference between stocks, bonds, mutual funds and annuities. But what Long Island Portfolio Management 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 an enormous difference in what ends up in your portfolio. You should always inquire further about their "investment philosophy" i.e., how would they manage your cash?

Fee-only or not, there are a variety 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 a substantial amount of jargon. I would not be expectant of most people to learn the intricacies of every method. But what you have to know and ask is which kind of system they use.
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