Financial Planners & Other Places For Financial Advice
There are lots of ways to get financial information and advice. You can use a broker (see Stock Brokers & Brokerage Accounts ) for your securities investments; some full service brokers even offer financial planning. However, there are many other places you can go to get financial advice. The advice ranges from free, or a reasonable sum, to very expensive. You can work with a financial planner to help you manage your complete financial assets. You can also join an investment club or purchase an investment newsletter, newspaper or magazine. There are television stations and programs that also provide investment information. Finally there are web resources, both for a fee and free.
The biggest thing to remember is to think twice before you invest. Ask yourself what you are basing your decision on. If it is an analyst, broker or if you read an article, look to see if there might be a conflict of interest. This means does the person providing the advice gain by your decision? For example, a stock broker might push a particular company his or her firm has an investment relationship with. It does not mean that the information is faulty, but in this case, be extra diligent in your research to make sure you agree with the recommendation. Always do your own research and use multiple sources to validate a recommendation. Ask yourself does it make sense to you? Or, should you take Warren Buffett’s advice (one of the most successful investors ever), "Never invest in a company you can’t understand."
The primary resource you use for your financial advice will depend primarily on the size of your portfolio and the type of investor you are.
Note: This is just a partial list of places to go for additional financial advice. I am not recommending any one resource over another. That is your choice to make. Here are some places to get financial information.