watts_bar on Nostr: IMHO the best way to go is a “fee only fiduciary financial advisor.” They earn ...
IMHO the best way to go is a “fee only fiduciary financial advisor.” They earn money by the fee they charge you, not commissions from the products they sell you. They are legally required to work in your best interests, not rack up a bunch of fees.
Secondly, get a referral from someone you know. Don’t rely on advertising or internet searches. If a financial advisor has to advertise for business they don’t do a good enough job to be overwhelmed by referrals.
I’ve been with my current advisor for six years. He charges $800 a year. He tells me what to invest in and how to invest it. IRA, 401k, personal growth portfolio, etc.
Finally, before you contact a financial advisor understand why you want to invest. Do you want to save for retirement? Do you want to grow your investments? Do you want to generate income?
Secondly, get a referral from someone you know. Don’t rely on advertising or internet searches. If a financial advisor has to advertise for business they don’t do a good enough job to be overwhelmed by referrals.
I’ve been with my current advisor for six years. He charges $800 a year. He tells me what to invest in and how to invest it. IRA, 401k, personal growth portfolio, etc.
Finally, before you contact a financial advisor understand why you want to invest. Do you want to save for retirement? Do you want to grow your investments? Do you want to generate income?