Select a broker or investment advisor who understands your financial objectives. Interview several to compare experience, education and professional background.
2
Call the National Association of Securities Dealers at (800) 289-9999 to find out about the disciplinary history of the broker.
3
Understand how the broker is compensated and what fees you will pay to purchase and sell securities and to maintain the account.
4
Get written financial information such as a prospectus or an annual report before making an investment in stocks, bonds or mutual funds.
5
Read these documents carefully; consider all the risk factors.
6
Be wary of promises of quick profits, offers to share inside information, and pressure to invest before you have an opportunity to investigate.
7
Talk with the firm's manager if you have a problem with your broker or your account.
8
Contact the U.S. Securities and Exchange Commission, the National Association of Securities Dealers, or your state securities regulator if you cannot resolve the problem.
The only good investment adviser from a major Wall Street firm is a dead one! Only hire an adviser with no ties to Wall Street. Make sure your money is controlled by you and no one else. Have a meeting at his home, that way he may be a little less prone to steal your money if you know where his family lives.
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Jul 02, 2006
The only good investment adviser from a major Wall Street firm is a dead one! Only hire an adviser with no ties to Wall Street. Make sure your money is controlled by you and no one else. Have a meeting at his home, that way he may be a little less prone to steal your money if you know where his family lives.