Currency Trading Advisors
is an investment adviser worth getting what do they do?
i plan on investing in a couple thing such as stock currency and and income producing real estate i would like to know what is the use of an financial adviser/investment do they help me pick out what to investing tell me which stock to buy and sell like what exactly do they do …do they trade your money for you or what
Also, as a financial advisor, I would pay attention to your goals and aspirations. The advice you receive should be consistent with your values, but should also be reflective on your goals. You can have too few stocks and not be reflective or too many stocks. Yes, there is such a thing as too few stocks.
Seeing a qualified advisor is mostly about objectivity. While a fee-only planner costs more, initially, you may be able to find one for between $600-$800. I think by paying for the hourly rate, you can come up with a plan that helps you excel. You probably will save a lot in fees over the long-term by seeing a fee-only planner.You certainly want someone that is objective and doesn’t sell you loaded mutual funds (also called the alphabet soup of mutual funds) or annuities. Annuities can make sense, but only in limited circumstances and only for a limited amount (i.e. 10%) of your money. There are variable, fixed, and immediate annuities. The only type of annuity I like is the immediate type since it gives you a monthly allowance.
Ray Lucia believes in income-producing real estate as part of a diversified portfolio. I’m not as much of a fan. There are tradable and non-tradable REITs. I don’t like to invest in anything I don’t understand and many advisors believe or pretend that they understand it and they have no clue. I personally like the publicly traded ones even with their significant volatility since it gives you the opportunity to sell it. I like REIT-based mutual funds and ETFs and prefer to avoid individual stocks.
I am hoping that these are helpful ideas. I don’t think you want an advisor that trades your portfolio constantly; it is essential for you to make the trades unless you make reams of money and you have an advisor to save time. If that’s the case, have your money with about 10 brokerage firms or 10 advisors. The reason is because the state administrator only permits the advisor to be with one firm so by going to several advisors, you avoid being over the $500,000 limit and you benefit from the advice of several advisors. Each should, however, know about your entire portfolio so they can give good advice.
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