Quote:
Originally posted by hershie
i am always suspect at trusting "finanacial advisors", from large well-known firms just as much as the guy with a shingle at the strip-mall. These guys get commissions, trailer-fees...and I worry about their biases and investment philosophies.
Hasn't the last few years shown that analaysts, advisors, brokers...have all led millions down paths to ruin because everyone put their faith in these "experts"?
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It is very wise to be distrustful enough to check out anyone in this business. After all, they are being entrusted with your hard-earned money, thus your future. They had better be willing to jump through a few hoops to prove themselves to you, definitely.
Credentials are one thing, but it's only a start. "Proven track record" comes to mind..... I want to know how they've done for others, and I wanted proof. I also wanted to know what other financial people had to say about the company.
By the way.... I'm not necessarily talking about investing in commodities or the stock market. My investments, although aggressive, are still fairly low-risk. Most of the markets my money is in have returned 10 to 25% to investors over the past 20 years on average. I don't need a soothsayer here..... and neither do you. I needed a guy that knows the long-term investment market and could set me up with a solid future, period.
But good point hershie.