Financial Planning - Risk Vs Reward

Posted by Jessymeshak on December 21st, 2019

Secondly, you have to see if the financial Abundance With Money Review  advisor is listening to you or are they merely directing the conversation toward whatever product or solution they like to use. There are thousands of investment options out there and I'm of the opinion that there are many ways to proceed in terms of how you invest your money.

Be suspicious when you are told about a product before they know anything about you let alone, everything about you as a good advisor would seek to do. A good advisor asks a lot of questions about your situation, your goals, and objectives. They should get a comprehensive picture of everything about you.

Investments should be approached as seeking to solve a problem or in pursuit of a goal. Think of it like a doctor. Imagine walking into a doctor's office and before you can say a word, tells you to take some new pill or rushes you over for a chest x-ray. How can the advice be worth anything if the doctor hasn't asked any questions. On the same note, you should feel comfortable telling your advisor everything; if you don't, something is wrong.

Thirdly, what you eventually invest in should make sense. Easier said than done, but while you may not know all the nuances of everything, you should know roughly what's being done and what the goals are. If you are trying to take regular income from an investment, you should understand why your investments are suited for that.

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