Westbow Pressa division of Thomas Nelson & Zondervan,
Copyright Date:
2020
Description:
viii, 104 pages ; 23 cm
Contents:
There is money to be made giving financial advice -- The sales pitch: from business TV and across the desk -- The keys to financial success and knowledge: common stock and the financial plan -- How do these people get paid anyway? -- What about dividends and sporadic investors? -- Why do I buy high and sell low? -- Asset allocation and robo investing -- Discount brokers- the big dog on the block -- Traditional brokerage with mutual funds -- The flexibility of no-load mutual funds -- RIAs and bank wealth management, a.k.a. trust departments: fiduciary services providers -- Other types of investments to consider -- Alternative investments -- Back to the heart of it: the financial plan -- Real risk tolerance and the need to save more.
Summary:
Stock markets have enjoyed a historic run but make no mistake about it: The rally will eventually end and smiles will turn into frowns as gains disappear. So then, why are stocks, mutual funds, exchange traded funds and other investments used to own common stock so widely used and which service providers will be the best to help me through the stock market changes and to reach my goals? Will Taylor, a longtime financial planner, examines how to vet the financial advice you are receiving and the importance of developing a financial plan in this guide. He explains how many households at the edge of financial disaster erroneously see big stock market rallies as a way out - and why a comprehensive financial plan provided by a caring and competent financial planner is really the best remedy. Moreover, he reveals why many financial service providers advise clients to invest in products that may not be in the client's best interest - and how to spot advice that is self-serving. Get a blueprint to make smart financial decisions and help your money grow over time with the insights in Digging into Financial Advice.
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.