Monday, December 19, 2016

Good Luck...*

financial-advisor-questions

The past few years was filled with problems in the financial world. Starting with the 2007 collapse of large financial institutions. 

In 2013, some Hedge funds, and Bond Funds lost money while the market was up 30%.

In order to choose a financial manager for your 401k, it is important to understand few issues

Concept: You are the one who is giving the instruction to how the money being invested. So be careful of what you say.

Risk. Being young doesn't necessary mean that your risk tolerance should be much higher than some one much older.

Cycle. The cycle of economical activities is important. The start, middle and the end.
Fees. The fees that you pay may be problematic depending where you invest in.

What will they do for you and how often. If it is just the initial discussion, look for alternative.

Monthly Review. Compare your performance to the broad market and adjust.

Don't just accept a computer program managing your money. 
Don't just leave your money completely to others.
Don't just leave it as is for years
The market is not static and so is your views.   Just a thought.      

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