Investment Advice from Professionals – How to Invest

March 27, 2012

in Financial, Investment

If you are looking for investment advice, make sure that you get them from a professional. Actually, legally you aren’t allowed to give personalize financial advice about investing without being licensed and registered with the regulatory body NASD.

The only ones allowed to give advice and get paid are publications and websites that give general advice. Even for them, it’s a good idea to put in a disclaimer of some sort. But new agencies like CNBC don’t need to be registered as an investment advisor.

Getting professional investment advice is super important. But you need to get them from the right person. Don’t go to a commissioned stock broker for objective advice, because they won’t give it to you. They will give you tons of great information, but remember that it will always be geared toward you buying stuff. That is how they make their living. Go to a fee based advisor for more objective advice.

You also need to go to someone that will take the time to teach you how to invest.  Don’t go to one that will just tell you what stocks to buy without really explaining why.  That may be okay in the beginning, but in the long run, you don’t want someone who will just run over you with their advice.

You want some that will give you the consideration and the respect that you deserve.  If you have an advisor that is not taking the time to teach you about investing, find someone who will.  There are people out there that really want to help people in this regard.

Also, find someone you can trust and someone who clearly cares about your well being.  If they are just in it for the money, you will not get the best service from them in the long run.  You will just end up giving them a lot of money.

photo by: thumbcharts

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