My parents are retired and live in Montreal. They not long sold a property and are wondering how to invest the proceeds - they are not very financially savvy. Their mound advisors are recommending adjectives kinds of structured products and portfolio services that fetch high fees. Where would you recommend they budge to get well-mannered, objective suggestion on how to invest for retirement?
Answers: Find a Financal Advisor that works on a Fee for Service basis. They charge a flat hourly rate but you do not purchase the securities from him/her.
Alternatively, ask your friends/family for a referral to an Advisor they use and trust.
Do NOT use a 'financial advisor'. 95% of them are brokers...product salesmen that are below pressure to sell products that will trade name them (and their firm) a lot of money.
http://www.saveyournestegg.com/scam.html
I suggest that they DIY. It's not knotty.
Here's a great book:
http://www.amazon.com/Bogleheads-Guide-I...
And, if they have question, they can go here:
www.diehards.org
The discussion forum member are knowledgable, helpful and incredibly nice.
Good for you for realizing that near are high fees. Many empire think they clear no fees at all and the fees verbs their retirement.
I suggest you check out several financial advisers. Do not use those who are employed by bank, insurance companies, or mutual funds - they will ALWAYS push their own products, which invariably carry elevated fees ( after all, they carry paid through these ).
Choose, if at all possible, a fee-for-advice professional who is not motivated by commission, and can advise your parents without bias.
you already did it - a financial adviser. You don't own to do the investment through them but get their suggestion. I'd talk to at smallest two and see if they tell you equal thing... next you can open an online brokerage report and do just what they suggested yourself. Even if they charge a small payment to advise you I regard as it's worth it to not make a mistake on your own. they have need of to find an independent investment councilor... do NOT use one that is going to do the investments themselves as they are wed to where on earth they want you to invest ... this will cost you more in the launch.. but be a more reliable source of advice.
I found this site give some good info for setting up to invest:
http://articles.moneycentral.msn.com/Inv...
Personally I find the stock market more interesting but you are probably better rotten following this strategy of safer stuff.
Bank advisers are OK, but they solely recommend their own products. Consult also an "independent financial advisor" and compare their advice. read " The Intelligent Investor"
the best book on the subject
www.forex-profit.info might be a obedient place - with countless of the best youtube video about investing
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Answers: Find a Financal Advisor that works on a Fee for Service basis. They charge a flat hourly rate but you do not purchase the securities from him/her.
Alternatively, ask your friends/family for a referral to an Advisor they use and trust.
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Do NOT use a 'financial advisor'. 95% of them are brokers...product salesmen that are below pressure to sell products that will trade name them (and their firm) a lot of money.
http://www.saveyournestegg.com/scam.html
I suggest that they DIY. It's not knotty.
Here's a great book:
http://www.amazon.com/Bogleheads-Guide-I...
And, if they have question, they can go here:
www.diehards.org
The discussion forum member are knowledgable, helpful and incredibly nice.
Good for you for realizing that near are high fees. Many empire think they clear no fees at all and the fees verbs their retirement.
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I suggest you check out several financial advisers. Do not use those who are employed by bank, insurance companies, or mutual funds - they will ALWAYS push their own products, which invariably carry elevated fees ( after all, they carry paid through these ).
Choose, if at all possible, a fee-for-advice professional who is not motivated by commission, and can advise your parents without bias.
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you already did it - a financial adviser. You don't own to do the investment through them but get their suggestion. I'd talk to at smallest two and see if they tell you equal thing... next you can open an online brokerage report and do just what they suggested yourself. Even if they charge a small payment to advise you I regard as it's worth it to not make a mistake on your own. they have need of to find an independent investment councilor... do NOT use one that is going to do the investments themselves as they are wed to where on earth they want you to invest ... this will cost you more in the launch.. but be a more reliable source of advice.
I found this site give some good info for setting up to invest:
http://articles.moneycentral.msn.com/Inv...
Personally I find the stock market more interesting but you are probably better rotten following this strategy of safer stuff.
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Bank advisers are OK, but they solely recommend their own products. Consult also an "independent financial advisor" and compare their advice. read " The Intelligent Investor"
the best book on the subject
I own a 401K plan at work. It give me the leeway to select contribution percentage for both?
www.forex-profit.info might be a obedient place - with countless of the best youtube video about investing
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