Do you use a stock broker / financial advisor? (UQ)
cause i:m rich beee-otch.
The advantage of a GOOD adviser, someone you trust, is the time they save.
I was a financial advisor for many years. So, I do it myself and use Schwab.
yes. everyone should have a financil plan.
I should add that were it not for that relationship I would do it myself. There has to be a reason for them to make your portfolio grow by closely watching.
Paying a broker would make me broke.
Our son is our guy at UBS. His incentive? When we croak, if the funds have done well, the more for him!
My guy has done a great job for me!
Never pay someone to think for you.
I worked at an investment firm for years and saw the idiots who were "advising" others' finances... Plus many of them were scandalous and vindictive... Always looking for the biggest commission, not what was best... I know they're not all like that, but it left an awful lasting impression
Of course! I'm so rich my financial advisors need financial advisors! Whatcha know about being rich son?!
Catman - my grandmother had a very large amount of money with a well known brokerage. I can't recall the details but when she died, we found that the guy managing her account was constantly buying and selling. He wasn't making her money but he made a killing. We got the guy suspended.
its all about who has $$$ to begin with. guess I'm out.
At least in Vegas you KNOW they're trying to screw you for your money. You never see the pit boss making "recommendations".
Churning occurs on transactional accounts. Fee based accounts, where a broker receives a percentage based on account's value, rewards the broker when the client makes money because the fees increase with an increase in the value of the account. Likewise, if the account decreases, so too the fee.
Dave Ramsey is my financial advisor =)
It is never too early to sit down with a for-fee financial planner. Social Security is now on an unsustainable path. Unlikely Obama will try to fix it if he gets reelected...did nothing 1st term.
I use my own method and are getting good returns.
My adviser is awesome! Make sure you use an independent one and not someone who is paid kickbacks to push a certain brokerage's product!
I have money now because when I didn't I found ways to save and invest. Now that I make good money I still maintain a frugal lifestyle and all the extra is invested.
Everyone has the money to do it. If you can't afford a fee only advisor you can get one that works on commission (although pony up for the fee only advisor if you can). Then find a way to cut back on spending and allocate that money to investing. And yes you can find lots of ways to cut back.
Go see a financial advisor!!! Their job is to help you set and attain your financial goals. They are not there to hand pick stocks for you. They are not there forecast what will happen with the markets. They are there to help guide you in making prudent financial decisions.
Hmm. Age filter and income filter go together...
Financial advisor: SoCo Mini-Mart.
my dad is my stockbroker..well he talks to the financial market..He should've been a stockbroker instead of a engineer lol
you don't have to be rich to have a stockbroker. I worked in a kitchen In a nursing home, and I had invested my 401k until it got killed in the last recession. I have a few IRAS, a couple stocks.. I'm saving for retirement that's all..
The income filter speaks volumes!
Great advice. : )
I use them to wash my PorShuh.
Just for taxes...
Learning the market does take several years of proper practice with proper education, but I would be very suspicious of broker advice personally.
I think stockbrokers should only make money when the client makes money. I've seen too many cases of "churning".
This poll question should read "Are you so rich you can't handle it by yourself?"
We have a financial advisor. He's an old family friend with great advise. we see him twice a year, sometimes more often.
Everyone cries foul about the economy yet 80% don't do anything to help their own future or pockets.
Gotta pay to play.
No, I do my own research, and make my own plan and decisions. I use a discount broker for the inexpensive trades, rather than a more expensive full-service broker for the questionable advice and more costly trades.
I'd have better odds in Vegas. At least the gaming industry is actually policed.
Just because you are successful at your job doesn't mean you'll be able to learn the market. ALWAYS use a broker if you're investing.
Who has the money to
Having another pair of eyes looking at your portfolio once or twice a year is a good idea.
I invest in my own but I am sure there are things I miss, so having a professional look through my financials as well saves dollars and mistakes.
Discount broker for 20 years. Stock brokers are con men.
I don't have enough money for it to be necessary. Lmfao.
A computer does my investing. It calculates my age, income, and projected state of retirement to decide where my money goes.