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Characteristics of Successful Investors
People often don't realize that an investor's own characteristics help determine how well they do. This article will show you what some of these characteristics are. I have written many times about something that most investors largely ignore: The role ...
What Is An Option?
WHAT IS AN OPTION?Copyright © Tanner Larssonhttp://www.work-at-home-resource-center.comYou buy or trade stocks, bonds and mutual funds. Perhaps you invest in a 401(k) plan. You can us “Options” as part of your short or long term investment objectives.Did ...
What The Sec Really Thinks About Mutual Funds!
Let’s go into the details of why non-indexed mutual funds are such a bad deal. When Arthur Levitt became the head of the Security Exchange Commission in 1993 he had to sell off all of his individual stocks so that people would not claim that he was doing ...
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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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Self-directed IRA adds investment optionsAZ Central.comFraud and the possibility of loss also can happen with stocks, mutual funds and other mainstream investments. But there's often an intermediary, such as a broker or financial planner monitoring things, and many financial companies restrict investors to ...and more » |
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