Why You Need A Financial Adviser
Lost money in the GFC1 and GFC2 and unsure what to do next?
Professional advisors say there is no magic asset number that pushes an investor to seek advice. Rather, it is more likely an event that spooks a person and sends him scurrying through an advisor's door. The event could be something that requires the individual to manage an asset himself.
When you reach a point in which you're constantly afraid that you're going to make a mistake with your investments, then you need professional advice.Some people might ask why they need a financial adviser. After all, it's perfectly possible to make your own investments and manage your financial affairs personally.
If you do your own investing, have you ever wondered whether you should turn things over to a professional adviser? This book will shed light on this topic and to provide you with a plan to think about so that the best decision can be made.
Often, someone who has never spent or managed more than a few thousand dollars is looking at managing a six-figure or group of accounts. Do you think you can do the best job yourself? If this happens to someone just about to retire, the decisions that need to made are more critical, as the retiree will want to make this money last. Did you know that you will probably run out of money at retirement as you will live past 90? As such, people often seek professional advice just before they retire, because they feel that they need professional advice to make such long-term decisions.
When it comes to portfolio management, it is important to determine your plan of attack. Take the Superannuation in Australia or a 401(k) plan in the US, for example. When you're contributing to the plan, you may feel like it's not your money. Financial advisers will be able to give you expert and insightful advice on how best to achieve your investment goals.
A financial adviser can help to invest your money to the best advantage, develop a sound financial plan and draw on their knowledge of a vast range of products and services to most closely match your needs.
In fact, if you can answer ‘yes’ to any of the following, chances are that you'll benefit from some form of professional financial advice to help you meet your financial targets.
It is helpful if you are:
- new to investing
- want to make money even if the market crashes
- looking to create a 'cash cow' or a passive income stream
- don't have the time or expert knowledge to manage your own portfolio
- have trouble sticking to your financial plans
- wanting to grow your wealth
- nearing retirement age
- going to receive a redundancy
- benefiting from a financial windfall
- changing jobs
- in a complicated financial situation
- can't make ends meet - totally broke
What can a financial adviser actually do?
With a wealth of investment market information at their fingertips and access to investment research, your financial adviser will be able to identify and recommend the best strategy to realise your financial plans. They can also guide you through the complex legislation that governs tax, investment and retirement.
It's an ongoing relationship where you act in partnership to secure the best possible return from your investments. Your adviser will advise you at every stage of your life, and review your schedule regularly to ensure your goals are being met.
There's a misconception that people have to start with a huge amount when they're investing money. Not true. It's important to start somewhere.
This free book will help you figure out where you are, where you want to get to and what your adviser will actually do for you. Download it today and pass a link to this page to your friends, relatives and people that youcare about. This will be the best gift you could ever offer someone!
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