Are you tired of listening to your brother-in-law or uncle’s investing advice, especially when it usually involves the words, “first, call your bookie”? If your answer is yes and you’re finally ready to get serious about your investments, then you need to seek out professional advice so you might stand a chance at actually making some money for once.
Everyone thinks he knows how to get you to the top of the financial mountain, but if that were true, why isn’t he there himself? You need to find people who have had success with investments and learn how they did it. While you aren’t guaranteed to make a million bucks by following their strategies, you’re going to be a lot better off than if you keep listening to your crazy old uncle who still stashes his paychecks under his mattress.
Invest in Investing Advice:
There are plenty of free sites on the Internet that will tell you they know how to make you rich through investments. Maybe they have a forum or chat room where you can connect with other investors and pick their minds. Or, they might have some investment games you can play to hone your skills. However, none of these free sites are really going to help you much. After all, if the advice is free, everyone can get it. You will be no different from the millions of other investors who are looking for advice on investments.
So, you have think about doing something that will separate you from the other investment wannabes. You have to invest in your financial education. You have to pay an expert to give you the information you need to be successful at investing. If you’re not willing to put a little bit of money into your education, then you aren’t going to get much out of it. As with everything, you get what you pay for. So, what do you think you get when you pay nothing? Ah ha. Now you’re getting it.
Becoming a member of an investment firm is an excellent way to get sound advice on what to do with your money. You have to pay to join the firm, but once you’re in, you will get the best advice possible without any extra out-of-pocket funds. You belong to their organization and they will bend over backwards to help you succeed. Why? Because when you succeed, they succeed.
When you pick an investment firm to help you with your finances, be sure to research the company before you sign up. There are specific aspects of a financial advisor that you need to know about to make sure your money doesn’t end up in a bank account it the Cayman Islands. Fortunately, even the government wants to help you pick the right firm. Don’t ever choose an investment firm if your gut is telling you otherwise. Listen to your intuition and choose a different one.
No matter which investment firm you choose, though, you will have to open an account so you will be able to make trades through the company. However, you’re going to do that anyway, so it might as well be with the firm, especially if you’re going to get the investing help you need to be successful. In addition to providing you with investment assistance, these firms will also help you set your financial goals so you can measure your progress as an investor.
Online Discount Brokers:
If you’re not quite ready to turn your finances over to a company or financial planner, you can always try your luck with a discount broker online. The nice part of doing this is that discount brokers are usually paid a salary instead of a commission on your trades. You still have to open an account to access their investment guidance, but the amount you need to put in, at least initially, is typically not very much.
Here’s the catch, if you use a discount broker to help you with your investments, you aren’t likely to get a live person whenever you need that assistance. The brokers will facilitate your trades, but they aren’t paid to offer advice. So, you will have to take advantage of all the tools these sites have available. If you don’t want to read, this is not the strategy for you.
These sites are more for people who want control over their own investments. While you can learn a lot through their educational videos, articles and webinars, you still have to make your own choices. They aren’t going to tell you what to sell or buy. Lazy investors will not succeed through a discount broker. If your idea of investing advice is to simply hand your money over to a skilled professional and let him do all the work, don’t even consider signing up with a discount broker. Otherwise, you will be broke yourself.
Still Want the Free Advice?
If you just don’t want to pay for investment help, you don’t have to. You can get plenty of advice for investments on the Internet. Just don’t choose a site with a name like “Investments R Us”. Use an authoritative media outlet where you know you’re not going to get scammed out of your lunch money. Even though you still aren’t guaranteed to succeed by using their advice, you will at least be more informed about the investment industry as a whole.
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