Why Investors Use Financial Planners. Turning the Table: Questions for Your Interviewer.
Do you have a financial planner? Does one of your friends have a financial planner? Maybe you take your advice from your broker. As I have said countless times before a broker will make you broker. And a financial planner won't do any better. I know. You thought they would.
Let's look at the real reason investors choose to take advice from these so called "experts". Once they get you into their office or sitting with you at the dining room table or kitchen table you are doomed. Mr. F.P. has come prepared with beautiful slick color brochures and will have a presentation that will utterly confuse, bedazzle and befuddle. You will sit there and be afraid to ask a question because you know it is so dumb. You can't say &no' or you will be admitting how dumb you are. And he knows that.
It is not that he is a liar. (I hope.) It is that all financial planners and brokers are taught the Wall Street method of "making money". Unfortunately it doesn't work.
The basic things that have been pounded into their heads are false. Let's look at the big three: Do Research, Dollar Cost Average and Buy and Hold. There are others, but these you will hear from every broker and financial planner because that is what the big brokerage companies and mutual fund families want. They want your money and they want to keep it even when the stocks or funds you own go down. In fact, buy some more.
Research is like blowing in the wind. You will be inundated with green sheets, blue sheets, red sheets, slick full color glossies, videos, etc., etc. Think about this. If you can obtain this information then so can everyone else. Everything that is known about a particular stock is reflected in the last price. Morningstar will sell you a beautiful package about a company, but it is worthless. What you really want to know is will it go up after I buy it?
Of course, if it goes down you will be encouraged to buy more to average out your price so that when it heads up again you will make a fortune. Yes, and pigs can fly.
If it does go down your advisor may say to hold on as the market always comes back. He doesn't tell you it may take 20 years or that the company might go out of business. Buy and Hold is the greatest myth of Wall Street. No one ever tells you to sell. Have you been told you don't have a loss until you take it? Please!
You got that advisor because you have not admitted to your self that you cannot pull the trigger. When you have a stock or fund that is falling you don't want to sell. You have to take charge of your money. Just you.
When you look back at the performance of most financial planners from 2000 to 2003 you know you can do a better job. Always ask to see what they did then. If they lost money you don't want them. Don't let them compare their performance to the S&P500. That's smoke and mirrors.
You can do better. Just do it.
Al Thomas' book, "If It Doesn't Go Up, Don't Buy It!" has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter at http://www.mutualfundmagic.com and discover why he's the man that Wall Street does not want you to know.
Copyright 2005
Article Source: http://EzineArticles.com/
(DES MOINES, Iowa - January 26, 2005) The fateful final question of all interviewers may carry more weight than you would think. Upon hearing "Now, do you have any questions," you are given a chance to show the quality of your character and interest in the company. No matter how well the interview went, passively responding to this question with a shake of the head and a polite smile will only communicate to the employer that you are not interested in inquiring about the job, the company, and your place within their organization. Your approach to this Question & Answer time will directly impact the interviewer's assessment of you and the interview.
When thinking of questions the first things that probably come to mind regard your salary, hours, vacation, and benefits. It is not a good idea to ask these types of questions during this time. It would only express to the employer that you are more concerned about yourself than learning about the company. These kinds of questions are valid only when a job offer has been made.
When preparing for this part of the interview develop questions regarding the company or the organization. This will positively influence your interview by showing that you care more about the company and the job than just how much they will pay you. Good questions to ask are:
* How would you describe your company culture?
* What is the typical career path for someone in this position?
* What is your company's biggest challenge?
* Where do you see this industry in the next five years?
* Who is your competition and how do you compare?
* How does your company measure success?
* What skills are the most important for this position?
* Describe your ideal employee.
* Tell me about the people I'd be working with.
Not only will
these questions indicate to the interviewer if you are right for the job, but their answers will indicate to you if the job is what you're looking for. Just as you may not be a perfect fit for all companies, not all companies are a perfect fit for you. Just as you try to sell yourself to a company, a company should try to sell themselves to you. In this case you should ask questions like:
* Are there any plans for a corporate merger or outsourcing initiatives?
With mergers and outsourcing often come layoffs. Before accepting a position you may want to be aware of this. Many job seekers are under the impression that only unsuccessful companies downsize. That is not always true.
* Are promotions based on seniority or accomplishments?
Some companies still operate on seniority. No matter the accomplishments or lack of accomplishments they are offered advancing positions before a new hire is. You should know that if you put in 110% that you will receive what you are due.
* If you could change one thing about how this company functions, what would it be? Not every company functions perfectly and you may want to be aware of where their weaknesses lie.
The interviewer will recognize questions that have been prepared after thoughtful consideration. Take the time to determine what is important to you and what you highly value in a company so you can ask appropriate and intelligent questions.
Established in 1996,
MEPatWORK is the leading full-service recruitment solutions provider in the HVAC, sheet metal, refrigeration, control, electrical, plumbing and piping industries. Headquartered in Des Moines, Iowa, this privately held company also has offices in in Chicago and Pittsburgh and specializes in finding top talent for all levels of contracting, wholesale, and manufacturing.
Article Source: http://EzineArticles.com/
OTHER INTERESTING POSTS
The Best Goal Setting Advice
Bariatric Surgery Contributes to Rise in Body Contouring Procedures in Michiana
A Book Note Vs a Book Report
A New Look For Business In The Future
Where to Buy HGH
