Wealth Business

Archive for December, 2009

Usually people don’t choose financial advisors; they simply get in touch with them. Many a times in some private banks you will find a super consultant or super advisors who will sell you everything like insurance, credit card, and even mutual funds. Banks are distributor of mutual fund and not the advisors.

Mind it; if you are investing advice from any bank you actually take advice from a distributor and it that case it is not necessary that you get a fair and quality advice.

An adviser should be one who can provide his customers with real value based advice rather than simply pushing sales in order to earn a better commission. Advisor’s role assumes significant importance in an exuberant scenario like the present one, when it is easy for investors to lose track of their objectives and make wrong investment decisions. Conversely, an association with the wrong investment advisor can spell disaster for investors. We present a few pointers which will help investors gauge if they are with the wrong investment advisor.

If the Advisor is offering rewards in terms of payback.

Select an advisor for his ability to recommend the right investment avenues and manage your investments rather than his willingness to refund commission. By offering payback the advisor is not doing justice to his to his work as he is luring you towards doing that investment. This specifies that an advisor is putting your money at risk by giving you commission.

This practice (widely prevalent despite being explicitly prohibited) among investment advisors is to rebate a part of commission earned, back to investors i.e. the investor is ‘rewarded’ for getting invested. What investors fail to realize is that the commission offered by the advisor is actually reward for taking more risk. Wealth creation for investors should come from the investments made and not commissions. Select an advisor for his ability to recommend the right investment avenues and manage your investments rather than his willingness to refund commission.

The advisor only advices top few funds most of the time.

Most of the time an advisor will suggest you some fund and will show you its annual returns. Most of the top ranking funds are sectoral funds and they carry a certain amount of risk. Usually sector funds being a fund with major allocation to specific sectors they are high risk funds. Many times in order to generate large funds from the market the fund houses have fallen prey to herd mentality and launched similar offerings in quick succession. The banks and investment advisors have played their part by indiscreetly pushing these products since they get better commission.

Think again before you take suggestion from such advisors.

If the advisor always have an NFO to pitch for.

Investment advisors have earned well through the mutual fund New Fund Offer’s by convincing investors that it is cheaper to invest during the NFO stage. But be careful this is not the truth. Mutual fund distributors and advisors mostly take benefit of the lack of knowledge on investor’s part by pitching the mutual fund NFOs as stock IPOs, distributors have only discredited themselves by not being true to their investors. Advisor should only recommend a new fund if it add value to the investor’s portfolio or is a unique investment proposition. Any advisor who is true to the profession will pitch for an existing scheme which has a good track record and proven rather than a similar scheme in its IPO stage.

If Advisor’s role is restricted to delivery and pick up of forms.

Investment advisor’s primary role includes creating a portfolio for the investor based on his needs, risk profile and successfully managing the same. While maintaining high service standards is pertinent, it shouldn’t gain precedence over the advice part. Most of the advisors I have seen are usually working for big distributors such as banks, big brokerage houses. The main work for them is meeting the targets rather than provide value base advisory service. Independent individual Investment advisors prefer to make their work simpler by showing them selves only when they had to collect the form.

If you want to build wealth quickly and make money fast, then enclosed you will find a proven way to do it. Best of all you don’t need much money to start – you only need a few weeks to learn and 30 minutes a day to make money with it. What is this method? Lets find out.

The method is becoming a forex trader from home. Stop!

You may say I couldn’t do that – its to hard or I need to much money.

Well you can – because forex trading is a learned skill. ANYONE can teach themselves and you have one huge advantage with this method.

You can get $100,000 to trade no credit checks required, its given to you the moment you open your account.

Put down just $500.00 and you can trade 200 x your deposit or $100,000.

If you use this leverage wisely you can make huge gains. The key is money management and a plan.

The best way to trade is to learn to use forex charts to spot repetitive price patterns and trade them for profit – running the big trends and milking them for profit and cutting losing trades quickly.

Anyone can learn to do this, with the right mindset and a plan and you can too.

Let me tell you a quick story to really inspire you…

Back in the nineteen eighties, trading legend Richard Dennis wanted to prove anyone could learn to trade regardless of age, sex or educational background. So he gathered a diverse group of ordinary Joe’s together who had never traded. They included:

A kid fresh from school, an actor, a security guard a female auditor and a couple of professional poker players to name a few of them. He then taught them to trade in just 14 days – The result?

They made Dennis $100 million in just 4 years and many have become trading legends and still trade today.

So there you have it – anyone can do it.

Of course making money is never easy and you wouldn’t expect it to be with the rewards on offer – but this experiment proved the potential is there for anyone willing to learn and a desire to succeed.

Sure it’s a challenge – but its one with the right attitude you can take up, win and become a professional forex trader from home.

Many people have found it’s a way to better lifestyle and have set out on the road to financial freedom and you can to if you want to.

Investigate this method of building wealth quickly and making money fast and you maybe glad you did.

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