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Investing On Your Own Vs. With A Professional By: sharondarochelle40
Should you pay for a professional to manage your investments, or save some money and do the work yourself? The only person who can answer this question is you. But you need to know what you are capable of before you can depend upon yourself to make financial decisions for your future.
Do you have the time and energy to put together a balanced investment portfolio that won't dissolve if the market takes a severe plummet? Are you relatively comfortable with basic financial matters and terminology? For example, do you know the difference between load and no-load investments? Sure, you can start looking things up on the internet and you will have a wealth of information. But are you able to assimilate and merge that information into a solid plan for your future financial health?
Put it in Writing
If you decide to use a professional, you will need to ask them questions. Put those questions in writing and you will not be surprised later. For example, if a professional tells you there are certain fees for their services then make sure all the fees are clearly stated. Make sure there are no hidden costs or expenses not covered. There should be some schedule of fees for various services offered.
What personal and business references can you get from an investment advisor? But remember there are some slick people out there who have fooled a lot of well informed investors. All you can do is minimize your risks by choosing an investment professional who has a solid, positive track record of success. This is an area where personal knowledge with some level of involvement in your investment plan becomes highly advantageous.
Do You Have What it Takes?
There are several areas in which you will need to have ability or knowledge to be successful in managing your own investments. The more awareness and knowledge you have in any of these topics will directly relate to your success with investments.
*Will your emotions affect or even drive your investment making decisions?
*Do you look at investing in with a long-range perspective of 10+ years or more?
*Do you understand the concept of risk management and how the time until you need your investment money back determines how you should modify your risk? For example, if you need your investment capital back in less than five years, the stock market might not be your best choice for investment.
*Can you analyze financial documents like a balance sheet and income statement? Do you know how to find problems in a company using both of these financial documents?
*Do you understand how to create a diverse portfolio that will weather changes in the market with minimal change in overall portfolio value?
You can learn the information you need to know, and even modify your aversion to risk. But, for a reasonable fee a professional financial planner knows what it takes for a successful return on your investments with an objective outlook on your long or short term goals.(read entire article)(posted on: 2010-02-25)
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Investing In Cds By: William Moore
A CD, or Certificate of Deposit, is a relatively low-risk investment usually obtained through a bank or similar institution; although, some brokerage firms are now offering this type of investment. CDs offer a higher rate than most savings accounts, but they come with the same federal deposit insurance protection as a savings account.(read entire article)(posted on: 2010-02-25)
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3 Lower Risk Ways To Make Up To 7.40% On Your Savings By: Sky Christensen
Learn three simple options for earning a better yield on your investments. If you are bored with today's average rate of .22% at a non-online savings account, this article for you. Some of these accounts are quick and easy to setup on the internet - for example high yield money market accounts. Reading alone won't make you a dime, take action today to be wealthier tomorrow.(read entire article)(posted on: 2010-02-24)
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Several Benefits And Applications Of Secured Loans By: Robert Bruce
A secured loan entails pledging a property as collateral while an unsecured loan is available without any security. Lenders offering secured loans approve of applications for loans in no time. Default loans are unpaid secured or unsecured loans. A default loan is a major negative point in a person’s credit report that disallows him or her to avail another loan.(read entire article)(posted on: 2010-02-24)
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How Mobile Broadband Can Change Your Life By: Bonny Kominek
In the few years that have passed since its invention, mobile broadband has become as much a part of the public consciousness as the mobile phone. If you''re still relying on conventional broadband, here''s how making the switch can change your life.(read entire article)(posted on: 2010-02-24)
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Investing In Gold Or Precious Metals By: kelly15501
Are you are thinking about investing in the precious metals like gold, silver, and platinum? Then there are certain limitations and risks you should understand before parting with your hard-earned money.(read entire article)(posted on: 2010-02-24)
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Consolidate Debts To Lead A Smooth Financial Life! By: Sadhana Dhanyal
Ever increasing credit card bills, loan repayment bills and endless creditor harassment is that what you are facing right now? Are you looking for a respite from all your mounting debt problems?(read entire article)(posted on: 2010-02-24)
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Travel On The Road To Debt Recovery! By: Sadhana Dhanyal
If you are drowned in debts, then you may be facing serious problems. You cannot expect to have a smooth financial life. You may not be in a position to live a normal financial life.(read entire article)(posted on: 2010-02-23)
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Make A Note Of Changes In Mortgage Industry! By: Sadhana Dhanyal
According to a report by Mortgage Bankers Assn., applications for home loans fell nearly 11 per cent last week despite low interest rates. It is also believed that refinancing activity is facing a low too.(read entire article)(posted on: 2010-02-23)
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Own A Car In These Tough Times! By: Sadhana Dhanyal
You want to buy a car and are looking out for car loans. When you do not have money to buy a car, you can avail of personal loans or you can get a car on lease.(read entire article)(posted on: 2010-02-23)
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