Is your Financial AdvisorQualified to ManageYour MONEYAsk these 3 unorthodox questions* ?

*It only takes 10 minutes

QUESTION #1

HOW MUCH COULD I POSSIBLY LOSE?IF HE GUARANTEES YOU NOT TO LOSE A SINGLE DIME, ASK HIM IF HE IS GOING TO COMPENSATE YOU WITH HIS OWN MONEY WHEN THE BEAR ROARS.

Two Dollar Angry Bear, Photo by orudorumagi11 on deviantart.com

FACT#1 : NO ONE CAN GUARANTEE YOU ANY KIND OF RETURN IN ANY INVESTMENT. IT’S ABOUT MANAGING THE RISK AND REWARD.A FINANCIAL ADVISOR WITH INTEGRITY* WILL EXPLAIN THIS TO YOU.

Thou shall not take any bullsh*t, sugarcoated guarantees or empty promises from anyone when it comes to managing your money

Photo by sibrawnerxx on flickr.com

*Rare commodity

QUESTION #2

WHAT ARE THE HIDDEN COSTS OF THIS FINANCIAL PRODUCT?FACT#2 : COMMISSIONS, UPFRONT OR BACK-END FEES AND MANAGEMENT FEES WILL ERODE YOUR PROFIT

Photo by erase on flickr.com

YOUR FINANCIAL ADVISOR SHOULD FULLY DISCLOSE THESE; IF HE DOESN’T, ASK!

IF YOU FINANCIAL ADVISOR IS IGNORANT OR DOESN’T DISCLOSE THIS TO YOU –

HE IS EITHER A SWINDLER OR MISINFORMED

WALK AWAY. YOU DESERVE BETTER.Photo by lenju4 on flickr.com

QUESTION# 3

How Long will it take to double my MONEY with this investment vehicle compared to current Fixed Deposit Rate?8

Seconds* Maximum time to answer this question ,else your financial advisor’s competency is questionable

FACT#3: IN FINANCE, THE RULE OF 72 IS USED TO ESTIMATE AN INVESTMENT’S DOUBLING TIME

DIVIDE 72 BY THE COMPOUND ANNUAL INTEREST RATE (R) YOUR MONEY EARNS, AND THE SOLUTION IS THE YEARS (T) IT WILL TAKE TO DOUBLE YOUR MONEY.

IF YOU FINANCIAL ADVISOR DON’T KNOW THE RULE OF 72, YOU ARE SMARTER THAN HIM

There is…

One more thing

ASK YOUR FINANCIAL ADVISOR IF HE INVESTS HIS OWN MONEY INTO THE INVESTMENT VEHICLE HE ISRECOMMENDING TO YOU.

ASK HIM WHY ALSO.

WE INVEST IN WHAT WE BELIEVE IN

A FINANCIAL ADVISOR WHO HAS HIS OWN STAKE IN ANY INVESTMENT VEHICLEHE IS SELLING YOU MEANS HE BELIEVES IN IT.

IT IS LIKELY HE HAS DONE DUE DILIGENCE HIMSELF

DON’T YOU GET SUSPICIOUS IF YOUR FINANCIAL ADVISOR MONEY IS NOT INTO ANY INVESTMENT HE IS RECOMMENDING TO YOU?

THIS IS ANALOGOUS TO A CHEF NOT EATING HIS OWN COOKINGThe Chef Andreas Pieplow from Skeppsbron

by Skånska Matupplevelser on flickr.com

CONGRATULATIONS! YOU ARE NOW A MORE PRUDENT INVESTOR

LCF on Personal Financehttp://howtofinancemoney.com

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