The other big item to avoid... Financial Advisers who primarily get paid on commissions from selling you financial services and on commissions on your trades.
Been there, done that.
Someone always earns decent money.... and its usually not the investor. In fact, I never lost money so fast in my life.
While I may accept someone who has occasional products they sell that they get commissions; its hourly fee only or a % of my earnings only financial advisors now.
I also research them and ask up front for me to show me their personal financial records since they started financial advising and what their personal portfolio is. The ones who are just above broke will not share (as it shows that they actually have no idea how to make $ with investments), the ones who can show that they have built a solid performing personal portfolio are more than willing to share; assuming you have a decent amount of $ to invest with them.
Note that many of these will show you that they goofed up in their early years and wised up at some point (and will tell you the lessons they learned) - so their personal wealth may only have been increasing for only part of their career. I tend to chose these people as they personally know the pain of youthful financial mistakes.
Whys old ppl all against crypto
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I do indeed remember....
The other big item to avoid... Financial Advisers who primarily get paid on commissions from selling you financial services and on commissions on your trades.
Been there, done that.
Someone always earns decent money.... and its usually not the investor. In fact, I never lost money so fast in my life.
While I may accept someone who has occasional products they sell that they get commissions; its hourly fee only or a % of my earnings only financial advisors now.
I also research them and ask up front for me to show me their personal financial records since they started financial advising and what their personal portfolio is. The ones who are just above broke will not share (as it shows that they actually have no idea how to make $ with investments), the ones who can show that they have built a solid performing personal portfolio are more than willing to share; assuming you have a decent amount of $ to invest with them.
Note that many of these will show you that they goofed up in their early years and wised up at some point (and will tell you the lessons they learned) - so their personal wealth may only have been increasing for only part of their career. I tend to chose these people as they personally know the pain of youthful financial mistakes.