Medusa

5 Ways A Financial Advisor Can Manage Your Money Wisely

<p style&equals;"text-align&colon; justify&semi;">If you’re looking for help with your finances&comma; a financial advisor can be a huge asset&period; Many people don’t realize just how helpful these professionals can be&period; Let’s take a look at the top 5 ways a financial advisor can help you reach your financial goals&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; center&semi;"><img class&equals;"aligncenter size-full wp-image-8739" title&equals;"5 Ways A Financial Advisor Can Manage Your Money Wisely " alt&equals;"5 Ways A Financial Advisor Can Manage Your Money Wisely " src&equals;"https&colon;&sol;&sol;medusamagazine&period;com&sol;wp-content&sol;uploads&sol;2013&sol;10&sol;financial-planning-couple-getting-consulted&period;jpg" width&equals;"394" height&equals;"304" &sol;><&sol;p>&NewLine;<h3 style&equals;"text-align&colon; justify&semi;"><strong>1 – They Have the Training and Experience to Help You Set Up a Plan<&sol;strong><&sol;h3>&NewLine;<p style&equals;"text-align&colon; justify&semi;">If you’re like most people&comma; you have many different variables that need to go into your financial plan&period; They may include short-term savings&comma; long-term savings&comma; investments&comma; wages&comma; additional income&comma; charity donations&comma; and more&period; Figuring out how all these pieces fit together can be extremely difficult for the lay person&period; A financial advisor has the experience&comma; training&comma; and resources to make sense of all your variables and create a plan that will work for you&period;<&sol;p>&NewLine;<h3 style&equals;"text-align&colon; justify&semi;"><strong>2 – Use Their Discipline to Your Advantage<&sol;strong><&sol;h3>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Financial advisors have more discipline than most for two reasons&colon; First&comma; it’s not their money&comma; which means they can make decision based entirely on facts without emotions entering into the equation&comma; and second because they have the training&period; For example&comma; one of the biggest mistakes an investor can make is to buy into an investment when it’s hit a market high – which is understandable since the lay person sees a strong performance and thinks that’s an indication to buy&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">However&comma; a problem can arise when that same investor sees the market go down and immediately sells in an effort to reduce their risk&period; A financial advisor is much less likely to make this classic mistake&comma; because they’ve studied the markets for years and are much more knowledgeable about the best time to buy and the best time to sell&period;<&sol;p>&NewLine;<h3 style&equals;"text-align&colon; justify&semi;"><strong>3 – Help You Avoid Unwise Investments<&sol;strong><&sol;h3>&NewLine;<p style&equals;"text-align&colon; justify&semi;">It’s not just market investments that can be unwise&period; There are many products out there that don’t make sense for most investors&comma; like permanent life insurance&comma; bad business deals&comma; loaded mutual funds&comma; or unfavorable limited partnerships&period; Your financial advisor can help you find wise investments and weed out the bad ones&period;<&sol;p>&NewLine;<h3 style&equals;"text-align&colon; justify&semi;"><strong>4 – Offer Referrals to Other Professionals<&sol;strong><&sol;h3>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Once you have a financial advisor you trust&comma; such as the highly trained professionals at IPC Securities Corporation&comma; you can likely get referrals to all sorts of other professionals&period; For example&comma; if you need an accountant&comma; lawyer&comma; insurance agent or other professional&comma; an advisor is likely to have working relationships with people you can work with&period; This opportunity to work with pre-vetted professionals is an excellent resource&period;<&sol;p>&NewLine;<h3 style&equals;"text-align&colon; justify&semi;"><strong>5 – They Stay Up to Date So You Don’t Have To<&sol;strong><&sol;h3>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Some people don’t have the financial background to keep up with their portfolio and make the right decisions&comma; but even those who do have a financial background likely don’t have the time to stay up to date&period; In many cases&comma; those who do it on their own instead of hiring a financial advisor will do the research required to initially set up their portfolio&comma; but they won’t do the day-to-day maintenance that a professional advisor can do&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">For example&comma; most people understand that a good investment today won’t necessarily be a good investment tomorrow&period; However&comma; when an individual adds an investment to their portfolio&comma; they may only check up on it every few months&period; A financial advisor has one job&colon; to stay on track of their clients investments&period; As a result&comma; they’ll keep their finger on the pulse and will know exactly what the markets are doing&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">It’s easy to see that a financial advisor can make a big difference in the average portfolio&period; There are dozens of ways in which an advisor can add value to their client’s portfolios&period;<&sol;p>&NewLine;

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