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I am extremely excited to announce my new e-book,
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November 26, 2006 Hiring a Financial Planner I have gone into some level of detail regarding different designations for financial planners (see Financial Certifications ), but I didn’t really go into advantages and disadvantages of having a financial planner. First, I will say that I believe that with enough reading and research anyone can gain the knowledge needed to determine their financial needs. You can determine what levels of insurance you need, how much you ought to be saving and where you should be putting your investment dollars. If you are only looking at different funds, you can do this last part fairly easily (and hope to choose the right funds for you.) The difficult part of that equation is the time it takes to do a really good job at it, and also to keep on top of events so you update your choices and keep abreast of new developments. The other factor is the commitment to your choices and following through with your plan. Of course there can also be self-doubt creeping in to make you question the choices you have made, which also impacts your commitment. If you choose to consult with a financial planner, that act in itself might help you to stay the course and make the commitment. It also frees up the time you would have spent becoming an expert in this area, and takes the burden out of second guessing yourself on what funds or investments are right for you. Making a commitment to yourself and your family, your insurance coverage, your children’s educational funding, and your retirement may be a whole lot easier with someone else to help with your decisions. I am not saying you need an advisor, but I will say that might make your decisions a lot easier without impacting your wallet too much. The return on the investment in advice could pay off well in the long run. No matter which road you go down, striking out on your own and making solitary decisions, or consulting with professionals, you should maintain connectedness with your choices and keep well informed on happenings and the workings of the financial world. A watched pot never boils, but watched assets don’t disappear without your knowledge. Hope you found this week’s letter interesting! Solid investing to all, Rob
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Want a scholarship into the Millionaire Mind Intensive worth $2590? http://www.secretsofthemillionairemind.com The columns, articles, message board posts and/or any other features provided on Wealth Training Source are provided for personal finance and investment information and are not to be construed as investment advice. Under no circumstances does the information in this content represent a recommendation to buy, sell or hold any security. The views and opinions expressed in an article or column are the author’s own and there is no implied endorsement by Robert Britt of any advice or trading strategy copyright Robert E. Britt 2006 |
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