How to Find the Right Investment Advice

Posted by on Tuesday, September 3rd, 2013 at 9:01pm.

You're planning on putting together some funds for your retirement and want to go about it the right way. Who do you turn to for this investment advice and how do you know who to trust? You work hard for your money and want to do what's best by it in order to secure a safe and financially free type of lifestyle in your golden years. Here are some hints to help you find the right financial advisor so that you can feel confident about your money investments.

1. Look at the credentials

If you make an appointment with a financial advisor you may see his walls strewn with all sorts of credentials. For the average onlooker, you won't be able to make heads or tails of these fine-looking pieces of paper with all sorts of letters showing that the advisor has finished a course or degree. In some cases, the accreditation could have only taken a couple of weeks to receive while some required more than 3 years of university studies.

Find out more about the degrees and accreditation that your financial advisor holds and ask about him about them before enlisting his services. How many years of schooling did it take for this financial advisor to hold a shingle up outside his door? Has he continued his studies following the receipt of this degree?

2. Learn more about his experience

It's best to look for an advisor that has a lot of experience under his belt instead of a newbie that's fresh out of school. In the financial world, experience plays a large role in the amount of expertise a financial advisor has. While everything can look perfect on paper in a school setting, it takes real world experience to actually find out what variables can also come into place. It's not just a mathematical world that we live in and everyone has their own financial situation and future financial goals that they want to reach in a defined manner. A personalized investment strategy should only be put together by someone that has a lot of experience in the field and isn't afraid to tell you all about his past accomplishments.

Ignore the cookie-cutter investment rules

Financial investing is never a one-size-fits-all type of situation. If your advisor starts to tell you about certain rules that you need to follow like the rest of the population, it's time to look for a new professional to deal with. While there are investment strategies that can be generally laid out, they can never apply to everybody. By following set rules and guidelines, a person can end up in a lot of financial difficulties.

You need to work with a personalized program that has been laid out following an intense strategy session that goes over your past, present and future financial situations. Anything less than this is a compromise and that's the last thing that you'll want to have to work with when you have spent so many years to get to this financial point where you can really start investing for your retirement.

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