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Mortgage Consumer Bill of Rights
This bill of rights was laid out by Franklin Raines, president of Fannie Mae on January 15, 2000. The Mortgage Consumer Bill of Rights is a pledge fof $2 trillion over 10 years to help consumers gain access to home ownership. It also includes an “Open ...
So You Want To Start A Home Based Business
Are you interested in starting a home-based business? You may want to work from home for several reasons, including dissatisfaction with your current job, because you have small children or elderly parents that require you to be at home, or you may just ...
Unaffordable Housing, Loss of Inheritance, the End of Family Life and the resulting drugs and crime
How this civilisation decays and disappears.Tony Blair will go down in history as the man who used socialism to destroy society and lost for the world, the cream of its civilisation.How did he do it? By stealth! What did he do, that we did not see and we ...
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The Four Cs of choosing a financial planner
1. Credentials
·What certifications, college /university degrees and experience does he/she have?
·How many clients or how much money does he/she handle?
·Make sure the planner is registered with the Investment Dealers Association in your area or Certified by a Government body
2. Compensation
·How are you compensated? Flat fees, salary or commission? (Beware of those who earn big commissions for placing you in high risk funds)
·Are there any hidden underwriting fees with my investment fund?
·Will you explain all the cost involved with each investment?
·What is the cost of liquidating or canceling my account with your firm? (Good to know, if you decide to switch funds or investment companies)
3. Characteristics
·What is your investment philosophy?
·Do you focus on domestic markets, foreign market or both? (Answer should be both)
·What is
your specialty? Your strongest area? (Global portfolio management, no load mutual funds, stocks, bonds etc)
·How do you view risk and how does your philosophy fit my risk tolerance?
4. Customer service
·What services does your firm offer?
·How accessible will you (the agent) be?
·Will you review the funds last 5 to 10year performance in the prospectus?
·What has been your year-to-year investment performance?
·What was you worst year? Best year? And why? (Look for defensiveness or humility after raising this question, it reveals personality type)
·Do you offer financial planning, money management or both?
In conclusion, a financial planner works for you, and should be compatible with your personality, risk tolerance and financial goals. Make sure that your hard earn money is in good hands. Interview potential planners, ask for references and call at least 3 of those references.
For more information and articles pertaining to family life, visit:
http://www.parenttree.com
About the Author
Richmond Acheampong is the editor and founder of Parent Tree online family Resource. A web site promoting family health and balance with useful articles, products, advice columns and resourceful links.
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