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Articles from Dan Goldie | Selfgrowth.com
- 10 Questions You Should Ask a Financial Advisor Or Financial Planner - by Submitted on Aug 02, 2010 from Dan GoldieIf you are considering hiring a professional to help you with your investments and personal financial planning, you should come to the first meeting prepared with questions that will help you to evaluate if the advisor is right for you. The questions below are intended to give you a good ...
Views: 1515(8 votes) - 6 Steps to Creating an Investment Policy Statement - by Submitted on Aug 05, 2010 from Dan GoldieOne of the most important elements of a successful investment experience is the investment policy statement. This is essentially a written investment plan that allows you (and your advisor, if you have one) to have a written implementation, management, and review program for managing your ...
Views: 1603(4 votes) - Your Financial Advisor - Facilitator Or Trusted Advisor? - by Submitted on Aug 02, 2010 from Dan GoldieIn the modern age of financial practice, securities salespeople no longer call themselves brokers or registered representatives. They now go by names like financial consultant or investment specialist. Many advisors continue to charge commissions and work in a mainly transaction-based model, but ...
Views: 803(6 votes) - 6 Elements of Prudent Financial Advice - by Submitted on Aug 02, 2010 from Dan GoldieIt is human nature for investors to focus more on potential return than risk. This is especially true after a long period of market prosperity. The opposite is true after big declines, however. In bad times, investors often want to pull in and avoid risk. Neither of these extremes is healthy ...
Views: 2221(2 votes) - Emotions and How They Affect Investment Behavior - by Submitted on Aug 02, 2010 from Dan GoldieRecent times have been difficult for investors. Some have made the situation worse by buying and selling at the wrong times. For most people, the normal emotional response to rising markets is to feel confident and positive. This can lead to the desire to increase risk tolerance and purchase ...
Views: 916(3 votes) - How to Select a Financial Advisor Or Financial Planner - by Submitted on Aug 10, 2010 from Dan GoldieToday's challenging investment markets require investors to make smart, rational financial decisions. Investors need to have a well-crafted financial plan, access to high-quality financial and investment products to implement that plan, and perhaps most important, manage their own emotional ...
Views: 917(2 votes) - An Individual Investor's Guide to Managing Inflation Risk - by Submitted on Aug 10, 2010 from Dan GoldieThe risk of high future inflation may be one of the most important risk factors individual investors will face in their investment lifetimes. In the United States, inflation measured by the Consumer Price Index has averaged approximately 3% per year since 1926. However, the inflation rate has ...
Views: 651(2 votes) - An Investor's Guide to Withdrawing Income From a Portfolio - by Submitted on Aug 10, 2010 from Dan GoldieOne of the main elements of retirement planning is calculating how much money is needed to be financially independent. Sometimes referred to as "the number," this is the amount of money you need to accumulate so that you can safely withdraw income and have the freedom to do whatever you want for ...
Views: 667(2 votes) - Economic Growth and Stock Returns - What Investors Need to Know - by Submitted on Aug 10, 2010 from Dan GoldieAlthough their forecasts are notoriously inaccurate, economists spend a great deal of time thinking about and forecasting future economic growth. Investors often consider these forecasts when deciding where to invest their money. The conventional view is that countries and regions with strong ...
Views: 805(2 votes)