Getting Mixed Signals?

Ever notice how the guy with no money is an expert on making more money?  Sure he is, just ask him.  The fellow with the crappyest car is knows exactly what you need to do in order to get your car working better.  I mean, live is confusiong enough with all the experts on TV and the web giving out conflicting advice ... go left , go right, stay straight, buy, sell, hold ... take the stock market today, one radio expert tells you to buy gold to preserve your principle and get out of stocks so the market doesn't devalue your cash, the next will tell you to buy all the under valued stock you can so when the market rebounds you'll bring home the bacon.


How do you know who to trust? Good question, here's my advice; if they don't know what you want to accomplish with your money then don't trust them.  A good advisor will ask more questions than you want to answer but that is part of the process, if they don't ask you a lot of questions then how do they know what you need.  If they don't know you, how can they give you advice on financing?  Find someone that you trust and talk to them about what your goals are, and let them help you explore your options.  Don't be afraid to say that you want to think about it, because if the advisor has your best interest at heart he will want you to think about it.  Don't be afraid of scheduling a second meeting, if you want to think about it set up the next meeting at the end of the 1st one.  If you're anything like me you won't give it another though unless you have a deadline.  Finally, if you are married involve your spouse, have them go to the meeting with you, they may not trust the advisor like you do or they may have different concerns than you do.  If you are not married then take your mom or dad or if you are older yourself take your kids.

I don't listen to the radio and TV "experts" because well 'they don't know my life' and they don't ask me any questions.  I also don't take cooking advice from a plumber or plumbing advice from a chef ... be sure the people you are listening to are advisors or agents not the guy in line at Walmart or your friend with the minimum wage job and no money for lunch.  Those folks have a lot to say but it's nothing you want to listen to.

Investing is tough because everyone is different in how they handle the stress of risk, and in what they want to accomplish with their money so there is no magic path that everyone can take, just a lot of paths leading in the direction you want, so follow the guide that makes you feel the safest.

J

Let me ask you questions about what you want your money to do!