 What can i do with 100$? |
i got some money i saved, its not much- its just like 100-200$ i can spend.
what can i do with it to gain more?
should i invest it? buy stocks? is it possible to invest 100$ and get more ... |
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 Trading Forex--is 100% gain in one year possible? |
This blog claims it is possible, trading only with $8.
http://100percentforexch
What do you think?... |
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 The Worlds Best Stock Question? |
I put $3000 into an online discount brokerage. I currently have all the money in 6 stocks with 10-15 shares in each stock.
1. When I put more money into the account is it better to buy ... |
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 Options... Do they have to reach the strike price before you sell the option? |
If you don't want to exercice the option to buy the stock, do you still have to hit the strike price before the expiration date to make a profit?
For instance, if I buy a YUM (YUM B... |
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 Is technical analysis of stock charts still relevant? I think not.? |
| It seems to me that Technical Analysis is not worth very much and can not be used to make consistent profit trading. Hedge funds and money managers that use quant methods aren't looking at ... |
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 I want to know how we judge where to invest share or in mutual fund? |
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 What makes stock prices go up and down? |
| i know that it has to do with supply and demand. but what else? i want to invest in the stock market but i want to learn more.... |
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 Anyone with experience with Forex trading, particularly with Forex Tracer. Does it work? |
| I know its an automated trading system for the currency markets, and that makes me nervous. Is it worth buying?... |
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 Demat Account? |
| Which provider gives best services and have comparable brokerage rates for online demat a/cs?... |
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Andy | What should I ask my financial planner? |
I have a meeting w/ my financial planner on Tuesday.
I am 23, will finish University this time next year, and have 80,000 of savings to invest. What QUESTIONS should I ask him? Which stocks/investments are best to discuss?
I have considered investing in:
-Canadian banks
-Stocks (various)
-Real estate (duplexe)
-Franchises (Subway)
-My own design/communications company (OMNIVISIONDESIGN.com)
Any ideas/suggestions? |
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muncie birder
 |
You are 23 and have 80,000 in savings? And you need a financial planner? Judging by these numbers, you are doing very well without one.
But let's get back to the problem.
You need to let your planner do the talking. One thing that would be helpful to clarify is how long you have been dealing with this planner. Is he/she responsible for your current financial condition? If so he's doing a bang up job.
Ask him about the methods of tax sheltering your assets and income. See what his response is to that. One really good method is the use of index funds. Another is rental properties. I myself am a passive investor so I prefer methods that do not require any work on my part other than my brain. So I am a advocate of index funds. But for someone who is less passive, rentral properties are a gold mine. Indeed ask about investments in stocks. But it helps if you know ahead of time what you are looking for as an answer. With 80k, you do not really have sufficient funds, in my opinion, to go in many different directions at once. You will need to decide with your planner which direction you wish to pursue. A franchise for example will require every bit of the 80k, and perhaps more besides as will rental properties. |
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Katherine W
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Ask for three references, preferably of people somewhat similar to you in terms of money they have to invest, who have been seeing this person for awhile. Ask if s/he makes money on commission or is a flat-fee/hourly fee person (the latter is better, then they don't make money off what they sell you and therefore don't have a stake in what they offer). |
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m15
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If you plan to use a financial planner, the most important thing to find out is how he/she makes his/her money.
A financial planner who relies on commissions from products he sells cannot give you unbiased advice.
You should not have to pay more than 2% of your assets for his help, including fees for purchasing stocks, bonds, funds, etc.
Good luck. |
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Uncle Leo
 |
1. Ask the planner about his qualifications and experience. If the planner is in the U.S., find out if he is a "registered investment adviser"--if so, he'd have a "fiduciary" duty to keep your best interests in mind. If he isn't a registered investment adviser, his legal responsibilities to you may be less.
2. Ask how he makes money--from commissions he earns by selling you stuff or from fees you pay him, or both? If he earns commissions, watch out. He may want to sell you something that isn't necessarily good for you simply because he'll make money from it. If the planner is charging you fees, will he charge a one-time consultation fee or annual fees?
3. Make sure the planner understands what you want--how much risk you're willing to take, how long your investment time frame is (is some money for a house downpayment and other money for retirement decades from now?), and how much liquidity from your investments you need to have.
See the webpage below for more info. |
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Diamond
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Well, I'll be on the same boat in 1 and a half years time... And I'm planning to go for the real estate...
It's and investment and a security. I wouldn't consider the last option. You should get a few years worth of experience first before fully focusing on your own company. You'll need the experience and the connections. The same goes for a franchise really.
I really wouldn't advice stocks either. Although the bank option seems pretty good too.
As for questions, I honestly don't know. I've never had a financial planner before since my older brother help me sort my finance out when I'm in a knot... But I'm guessing, it'll be a good start to ask advice from your parents/relatives or maybe someone you know who've been through the same thing recently. Good luck. |
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pharaway1999
 |
One of the simplest things that can help you and your planner is determining what your risk tolerance is. I work as a planner and it is a frustrating appointment when someone comes in and wants to make 12% a year but doesn't want to lose any principle. Most good financial planners will have a series of questions to ask that will help define where you stand as far as risk tolerance is concerned.
All of the ideas you have are good ideas, but for the right person.
Some questions to ask him:
"What is the simplest way to determine my tolerance to risk? Can you help with that?"
"What fees do you charge for your services?"
"What do you know about stocks, real estate, franchises, etc?"
Any good financial planner will actually be asking you alot of questions so I wouldn't be too concerned with asking him a ton. Just make sure you're not being 'sold' as alot of financial planners (especially independant brokers) will take you to the cleaners as far as fee's, commissions, etc.
If you need any other answers please ask! |
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wildflower
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You need to know and understand the realistic expectations for each type of investment and each asset class, for both short term and long term. You also need to understand the probable and possible "chaotic events" that occur within the long term. You should know what the long term average rate of return is and what the distribution of events is around the long term average.. in other words, what are the risks.. what are the uncertainties.. etc.
In addition, you need to communicate the financial and nonfinancial constraints of the fund for the short, medium and long term... for example, how much short run volatility can the fund sustain in the search for higher long term rates of return.. only you can bring such information to the discussions in which investment policy can be resolved.
And.. don't forget to commit your decisions to a written statement. |
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