Consultancy
You need to know these important things before you invest your Hard-Earned money!
You must already be aware of the fact that investing your money, like driving your car, carries considerable risk. Life itself is risky. But although risk is unavoidable, you can reduce its cost. The key to reducing risk is to know exactly what you are doing, to look carefully before you leap.
Investigate Before You Invest
Before handing over your hard-earned money, take the time to investigate. You should know the Investment:
How long has the company been in business?
Has the company made money for investors before?
Is the person recommending this investment trusted?
How does this investment match my investment objectives?
Who is managing the investment?
What experience do they have?
What is the risk that I could lose the money I invest?
What return can I expect on my money? When?
Which type of investment do they have?
What is their compensation plan?
Is their web site secured?
Avoiding Online Investment Scams: Tips for Investors
You should be skeptical of investment opportunities you learn about through the Internet. When you see an offering on the Internet – whether it's on a company's website, in an online newsletter, on a message board, or in a chat room – you should assume it's a scam until you've done your homework and proven otherwise. Get the facts before you invest, and only invest money you can afford to lose. You can avoid online investment scams by asking – and getting answers to – this simple question:
- High-yield investments tend to involve extremely high risk. Never invest in an opportunity that promises "guaranteed" or "risk-free" returns. Watch out for claims of astronomical yields in a short period of time.
- Words like "guarantee," "high return," "limited offer," or "as safe as a C.D." may be a red flag. No financial investment is "risk free" and a high rate of return means greater risk.
Choosing an Investment Professional
Here are some questions you should ask when choosing an investment professional:
- What training and experience does he/she have? How long has he/she been in the business?
- What is your investment philosophy? Do you take a lot of risks or are you more concerned about the safety of my money?
- Let him/her describe his/her typical client. Can he/she provide you with references, the names of people who have invested with him/her for a long time?
- How do you get paid? By commission? Amount of assets you manage? Another method? Does he/she get paid more for selling his/her own firm's products?
- How much will it cost me in total to do business with you?
Your investment professional should understand your investment
goals,
whether you're saving to buy a home, paying for your children's
education, or
enjoying a comfortable retirement.
Your investment professional should also understand your
tolerance for risk.
That is, how much money can you afford to lose if the value of one of
your
investments declines?
An investment professional has a duty to make sure that he or
she only
recommends investments that are suitable for you: investments
that make sense
for you based on your financial goals, other securities holdings, your
financial situation, your means, and any other information that your
investment
professional thinks is important.
Your Investment Goals
A
financial plan to help you accumulate wealth will be
determined by your financial goals, your time horizon, and your
tolerance for
risk. We work with you in assessing your wealth-management objectives
to design
an investment plan customized to your needs.
When you are satisfied with your investment plan, it will be set in
motion. We
monitor its progress and discuss with you any changes in your life or
financial
status. Developments in the financial markets may lead us to make
updates or
adjustments to your plan.
Whether
you are saving for your child's education, or
concerned for your own parents' financial well being, a solid financial
strategy plan can help you manage these responsibilities. Our Financial
Advisors will work with you to ensure that you have an investment plan
that
supports both you and your
family.
Your retirement is an opportunity for
you to enjoy the best
that life has to offer. Whether your passion is to travel the world,
play more
golf, spend time in your garden, or care for your grandchildren, you
will need
to start preparing ahead of time.