Saturday, April 17, 2010

Financial Advisors and Brokers.....I do mean BROKErs

I've always had a problems with hiring a financial adviser and a broker to handle your retirement/life finances. Yes there are times that you may need both of these. But the way I fill about it is they ONLY person on the face of this earth that can handle your money the best is YOU. When it comes to investing in money markets, stocks, options, etc DO YOUR OWN RESEARCH. If you are completely brain dead on the structuring of wording when it comes to the Financial language. Start from the basics. Start investing in money markets account (MMA). Yes right now is a bad time to put your money down in a MMA just because there is a VERY low return. BUT at least your not locking your Money in a MMA like you would with a CD.
Stocks are VERY risky to get into if you are a new investor. But the return are often worth it. You where hear me say OVER AND OVER AGAIN.....DO YOUR OWN RESEARCH BEFORE INVESING A SINGLE $0.01 When that time comes use a program like Sharbuilder (Which I use) Only invest $25.00-$100.00 in a large cap stock like Microsoft. Microsoft is a safe stock to get into to. A stock like C or Hban is VERY risky to get into BUT will reward you more at the end.

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