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Investment Knowledge is The Key
Posted by Jiggajb • 4/09/09 • Subscribe to this Discussion [RSS] • Report This Topic
Topics: advisors, commissions, education, investments
We will be brief. If you do not know what you are investing in you should learn it first before you invest. Take it from me, I have been on both sides. The investment side, as the provider and the side of the investor. I have to agree that we should take responsibility for our actions. This rule is applicable only if the provider of the investments has accurately stated the good and the bad about the investment. If the experts of the investments are unwilling to be truthful about what you are getting into then you should walk. If you feel you have not learned enough do not invest. If you are ok with what you know, then your decision to invest should be easy. Go ahead an do it. Remember there are no get rich quick ideas. There are only ideas. Some good, some bad, just get the education first.
Some people say how can you trust the advisor that is giving you the advise. That is easy. Any advisor who is giving you advise should also disclose his or her motivation for trying to get you to invest. The motivation is money. Ask for a disclosure of what he or she is making and then ask if there are any other products out there that he or she can offer. Ask what the commissions are on those products as well. If the commissions on some other product is lower and better for you the advisor will have some explaining to do. Get the picture? Good.
User Comments
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In my view while reading the investment plan to know the pros &cons, it is also necessary to read in between the lines.Further we must really understand the investment document thoroughly well & look for the rate of written on the investment & the safety of the capital.-
That is absolutely right. In saying that, what regular person knows how and where to look for that information? Most advisers do not know where to look for that information. Tha is why we need the education to be public. Transparent (buzz word), because regular folk have jobs and do not have time nor do they have the background knowledge to know what they are looking for.
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I thought this was going to be about the stock market
That at least you know what you are investing in though the risk could be great the potential return can be even greater. I don't listen to advisors and jump in though I have access to lots of information including full reports on the companies before I invest, except for day trading.
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