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 How to Terror-Proof Your Money |
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As a Certified Financial Planner and
investment educator, I also had many students that
were concerned about protecting their portfolio. Michael McGowan is an attorney and a certified financial planner who conducts
investment workshops for attorneys and CPAs around the country. Of course, I'm not your financial
advisor and this is not the forum to be touting
any particular companies, so I'm not recommending
anything without knowing more about you. Create
Physical, Financial and Mental Security in
Dangerous Times. Remember, traditional Wall Street
brokers and TV financial analysts rarely (if ever)
bring up the subject of terror-proofing your
savings.
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| Eight Questions to Ask Your Financial Advisor |
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Clement is a financial planner and investment advisor representative with Financial Network Investment Corporation, member SIPC. He provides holistic wealth management and retirement planning to individuals and businesses. He can be reached in New York at (845) 942-8578, or by email. The best advice is to never be afraid to ask. You may like your financial advisor, but is he really looking out for you? All advisors are not created equal, and you have a right to know what makes them different! You also have a right to ask yours if he compares.
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| Six Principles of Successful Investing |
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Understanding your current financial situation will help you to sort your finances. Evaluate your current financial situation. If you do not have the time or the inclination, consider using the services of an independent financial advisor. They are certified professionals having in-depth knowledge of various investment vehicles. Keep aside easy accessible funds equivalent to three to four months of expenses for emergencies.
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| Investing & Online Stock & Share Trading: Money & Risk Management - Atkinson Portfolio Planner (1) |
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In the next article I discuss how we use the Atkinson Portfolio Planner to ensure that the following planned risk and money management criteria are met. It is the responsibility of the user to research and select the criteria to be applied for his/her Trading Plan and as key input to the Portfolio Planner © e. We've been there & we wouldn't want you to go through the sleepless nights and gut wrenching fear, financial and emotional loss that we and a few traders we know have experienced as a result. We start this week with the Atkinson Portfolio Planner Â. Once you have entered your requirements, the Atkinson Portfolio Planner © will calculate the above essential factors and even flag red alerts if any of your planned or open positions exceed your personal risk profile.
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| Brain Snappers and Other Wall Street Nonsense |
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When you are solicited by your broker, financial
planner or anyone to buy any equity you must
clearly understand what you are buying. You remember
the old one that they give it to you in the big
print and take it away in the fine print. How about placing a limit bid on a secondary
distribution of a special claim on residual
equity certificates? You didn't understand that?
Believe me you don't want to. That
word I understand, but be sure you read the fine
print to see what is guaranteed. Some of the biggest words are associated with
those special limited partnerships.
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| Investment Rowing |
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When the broker or financial planner does
pass that test he is given two manuals. Wall Street coaches are not taught this
simple technique and the brokerage house always
wants you to have a position. When you see a leak you must
patch it immediately. You have to learn how to row your boat in the
right direction by steering through the maze of
Wall Street lies. You can't expect to row your
boat in the right direction if your coach
doesn't know what he is doing.
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| Seven Investment Terms Everyone Should Know |
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Before you consult a financial planner it is wise to become familiar with some of the terminology that you are likely to hear from him or her. He provides more debt relief, credit counseling, repair and free financial planning information that you can research in your pajamas on his website. For those who have never given their financial future a second thought, the term Financial Planning could be a scary one. Investments can be a smart way to invest money for your future, but it can be confusing for those who have no experience in the financial business. One would buy stocks from a company at a given price in hopes that the company would gain a significant amount of money and that they would be able to sell the stocks at a higher price.
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| For Entrepreneurs A SIMPLE Plan May Be Best |
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I'm talking about a broker or financial planner (or other licensed professional) who has a proven track record of making his clients money and is an expert on IRAs, 401(k)s, mutual funds, etc. The best way to find a good financial advisor is to ask for referrals from your most successful friends and associates. Wanda, I appreciate your confidence in my humble opinion, but asking me for financial advice is like asking Donald Trump for a recommendation on hair care products. Let me give you a quick overview of a few of the retirement plans available to small businesses so you at least have an idea of what's out there before you start your search for a good financial advisor. As the employer, the advantages of a SIMPLE IRA include.
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| How to Choose the Right Share Class |
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If you are using a broker or planner, the decision about whether to opt for the A, B, or C share class boils down to your own time horizon and, to a lesser extent, how much you're investing. Know Your Rights and Ask Questions
Many brokers and planners work hard to select the correct share class for their clients, but you should also be aware of unscrupulous practices in this area. Some brokerage firms have recently gotten into trouble for failing to provide these bulk discounts, so your broker should be well aware of the issue and able to tell you whether you qualify. Also be sure to ask whether your total investment with a given fund family qualifies you for a discounted sales charge. These breakpoints often kick in when your total investment across the fund family reaches $25,000 or more, and they can save you substantial amounts of money.
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| 401(k) Plans |
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Or you could talk to those people you've once worked with, have retired, and went with a financial advisor or planner. I like knowing that when I move the rest of my 401(k) monies into my IRA when I retire, I'll know about how much income I can reasonably expect in dividend income four times a month, twelve months a year (all twelve stocks have staggered dividend pay-out dates, providing cash dividends every week of the year. The companies chosen in my IRA, with their history of raising dividends every year, will provide the comfortable, worry-free income which I believe investing should be all about. My advice on 401(k) plans is to talk to an expert from the firm your 401(k) monies are with and find out what options are available to you and/or what your company allows. I like knowing that when my retirement day arrives, I'll already have an individual IRA set up to move the rest of the 401(k) monies into, with twelve stocks already chosen, owned and proven to provide reliable ever-increasing dividend income.
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| Discipline in Trading and Investing |
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It doesn't matter how great a planner or organizer you are, without discipline your plans will most likely fail to bear fruit. If your self-esteem is connected to your trading and investing choices, if it goes up and down with the results of your activities, you and your business are in trouble. Defending your ego saps you of energy, distorts your perception, and will eventually destroy your business.
Because both trading and investing are uncertain businesses of probabilities filled with uncertain outcomes, a huge ego or a fragile ego can easily get smashed. To that I would add, trade what you see, not what you think.
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| Will a Falling Dollar Derail Your Plans for Retirement? |
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He is a financial Planner with Sagemark Consulting and has presented at regional and national conferences for the following companies. Lawson, financial planner, is a registered representative of Lincoln Financial Advisors Corp. Lawson has over 11 years experience providing sound financial advice to Corporate pension plans and affluent families. Investment advisory services offered through Sagemark Consulting, a division of Lincoln Financial Advisors Corp. This group also contends that global financial markets are awash in so much money that the US can borrow much more than seemed possible 20 years ago.
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| Investing in Car Dealerships: How to Do It Right |
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A profitable automotive statement can be certified and comply with every principle of accounting, yet still convey a false impression of success. Financial statements and an accountant are not enough. The financial characteristics of the automobile dealership are attractive. But, when trouble came, it didn't matter. The fact is that the factory and bank employees have a duty to do what is best for the factory or bank, not what is best for your client.
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| In a Time of Need |
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The aging of people in the US over the next three decades will have a huge impact on the way financial planners conduct business. The value of this mark would be to assure that those needing guidance would be receiving advice from a financial advisor certified in this area. Done improperly, the client could be adversely affected, both emotionally and financially, possibly creating severe consequences. I realize that for the benefit of our society, the financial planning industry must take definitive action on its approach and understanding of grieving clients and their family members. Financial advisors and other professionals desiring a better understanding of grief and bereavement can and should get the basics from the many educational materials available.
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| Annuity Help |
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A good financial advisor will ask you to help him understand you so you can help him to help you. Doing your financial homework is a critical piece of getting the right help. This is crucial to your financial future. The most important aspect of this comes at the time you need to make a financial decision about your annuities or your investments. Understand your financial situation, your time frames, your needs for liquidity, and your goals.
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