So let’s get started, the money business is serious and competitive. It is full of noise, news and bad information. Coupled with this rather daunting background are the many ill informed advisors whose sole objective is to strip you of your hard earned savings through poor, and sometimes illegal, advice in order that they can earn a commission.
The first rule of money management is to make sure you are using the best advisors available. Make sure that they have the right qualifications and are registered with the right authorities. If you have the opportunity request that they explain to you, line by line, an example of the monthly or quarterly statement that you will receive. It is my experience that so many of the advisors have little or no knowledge of what they are recommending. Before committing to any investment advice make certain that the advisor explains in detail what the risks are that you will lose money and most importantly how much they will be earning if you sign on the proverbial dotted line. If you are in any doubt drop me a line and I will advise from an impartial point of view.
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