I am new to investing. i have $3000 in stocks and $7900 in TSP (Thrift Savings Plan). i was thinking of getting a financial advisor. i was thinking about going to Ameriprise Financial. Are they good? What should i do? What are the ups and downs of having a financial advisor? What should i ask them when i meet with them?
2007-09-12 11:55:31 · 5 answers · asked by therealfreddy_p 3 in Business & Finance ➔ Investing
There are many questions you can ask but the most important is how are they paid? Do they put you in funds where they are paid by the fund to put your money there or do they get a piece of your money every year they manage it?
2007-09-12 12:02:55 · answer #1 · answered by ralph 5 · 0⤊ 0⤋
I have found that the Paladin Registry is a good place to start. They recommend independent financial advisers for free, and will give u list of questions to ask. I've used them and I think they're pretty good. I'm not affiliated with them.
Good luck
2007-09-12 12:33:16 · answer #2 · answered by RHJ10 2 · 0⤊ 0⤋
The best financial advisers are ones that are not trying to sell you something. Beware of stock brokers who claim to be financial advisers.
2007-09-12 12:00:41 · answer #3 · answered by Suzy 5 · 0⤊ 0⤋
I didn't make it in stock nor in commodity, but RE is working for me. I can learn and master it and I can control my destiny with it.
Take it for what it worth, stock is like buy lottery, you bet on other people knowledge and skill, RE you bet on your own and more control.
Keep in mind that RE make more millionaire than any business
Best of Luck in your quest.
2007-09-12 12:53:08 · answer #4 · answered by L L 3 · 0⤊ 0⤋
So your total investable assets are less than $11,000? Don't waste your time with advisers; they are too expensive for you.
2007-09-12 12:35:23 · answer #5 · answered by NC 7 · 0⤊ 0⤋