is your financial advisor qualified to manage your money

Download Is Your Financial Advisor Qualified to Manage Your Money

Post on 12-Jun-2015

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If you are thinking of hiring a financial advisor to manage your money, you got to be absolutely sure he is capable, competent and most importantly, a man with integrity.

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  • 1. Is your Financial AdvisorQualified to ManageYour MONEYAsk these 3 unorthodox questions**It only takes 10 minutes

2. QUESTION #1HOW MUCHCOULD IPOSSIBLY LOSE?IF HE GUARANTEES YOU NOT TOLOSE A SINGLE DIME, ASK HIM IFHE IS GOING TO COMPENSATEYOU WITH HIS OWN MONEYWHEN THE BEAR ROARS.Two Dollar Angry Bear, Photo by orudorumagi11 on deviantart.com 3. FACT#1 : NO ONE CAN GUARANTEE YOU ANY KIND OF RETURN IN ANY INVESTMENT.ITS ABOUT MANAGING THE RISK AND REWARD.A FINANCIAL ADVISOR WITH INTEGRITY* WILL EXPLAIN THIS TO YOU.Thou shall not take any bullsh*t, sugarcoated guarantees or empty promises from anyonewhen it comes to managing your money *Rare commodity Photo by sibrawnerxx on flickr.com 4. QUESTION #2WHAT ARE THE HIDDEN COSTS OF THIS FINANCIAL PRODUCT?FACT#2 : COMMISSIONS, UPFRONT OR BACK-END FEES AND MANAGEMENT FEES WILL ERODE YOUR PROFITYOUR FINANCIAL ADVISOR SHOULD FULLY DISCLOSE THESE; IF HE DOESNT, ASK!Photo by erase on flickr.com 5. IF YOU FINANCIAL ADVISOR IS IGNORANT OR DOESNT DISCLOSE THIS TO YOU HE IS EITHER A SWINDLER OR MISINFORMEDWALK AWAY. YOU DESERVE BETTER.Photo by lenju4 on flickr.com 6. QUESTION# 3 How Long will it take to double my MONEY with this investment vehicle compared to current Fixed Deposit Rate?Seconds*Maximum time to answer this question ,elseyour financial advisors competency is questionable 7. FACT#3: IN FINANCE, THE RULE OF 72 IS USED TO ESTIMATE AN INVESTMENTS DOUBLING TIMEDIVIDE 72 BY THE COMPOUND ANNUAL INTEREST RATE (R) YOUR MONEY EARNS, AND THESOLUTION IS THE YEARS (T) IT WILL TAKE TO DOUBLE YOUR MONEY.IF YOU FINANCIAL ADVISOR DONT KNOW THE RULE OF 72, YOU ARE SMARTER THAN HIM 8. There isOne more thing 9. ASK YOUR FINANCIAL ADVISOR IF HE INVESTSHIS OWN MONEY INTO THEINVESTMENT VEHICLE HE ISRECOMMENDING TO YOU.ASK HIM WHY ALSO. 10. WE INVEST IN WHAT WE BELIEVE IN A FINANCIAL ADVISOR WHO HAS HIS OWN STAKE IN ANY INVESTMENT VEHICLE HE IS SELLING YOU MEANS HE BELIEVES IN IT. IT IS LIKELY HE HAS DONE DUE DILIGENCE HIMSELF DONT YOU GET SUSPICIOUS IF YOUR FINANCIAL ADVISOR MONEY IS NOT INTO ANY INVESTMENT HE IS RECOMMENDING TO YOU? THIS IS ANALOGOUS TO A CHEF NOT EATING HIS OWN COOKINGThe Chef Andreas Pieplow from Skeppsbronby Sknska Matupplevelser on flickr.com 11. CONGRATULATIONS!YOU ARE NOW A MORE PRUDENT INVESTOR LCF on Personal Finance http://howtofinancemoney.com f: facebook.com/lieucf t: twitter.com/lieucf

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