Perfect Investment With the Perfect Options Now

You are ready to invest and you would like to be advised to make the right decisions. The choice of a representative is not a step to take lightly. What to pay attention to discover principles that you and your representative must respect.

In case of problems, you must

  1. Your representative must be authorized Check that the company and the person you are dealing with are authorized to sell you the offered investments.
  2. Your representative must be able to meet your needs

First, define your investment needs and skills.

Choose a representative who will take the time to discuss with you, explain his background and recommendations. A representative should help you understand the information, even the most complex.

Do not hesitate to ask him questions. After all, you will entrust him with the management of your money. From https://cornerofleaders.blogspot.com/2018/06/geoff-thompson-synergistic-life-ceo.html you will have the best deals now.

  1. Your representative must be transparent about his remuneration

Before doing business with him, ask your representative to explain how he is paid. This could prevent you from unpleasant surprises.

Some representatives are salaried, others receive a commission for each product sold. Some charge a fixed compensation calculated on time or as a percentage of the assets held in your account. Representatives may also combine different types of remuneration. For example, they receive both a salary and a commission.

  1. Your representative needs to know your financial situation and understand your goals

In order to get to know you better, a representative will have to take the time to make a portrait of your financial situation. This will allow him to recommend the products that suit you.Do not forget to inform him of any change in your personal or financial situation so that he can update your file.

A representative should ask you these questions

Your investment knowledge: what is your investment knowledge? How did you invest your money until now?

Your financial goals: Do you want to take a peaceful retirement from attending your local library or traveling abroad at least twice a year? Your goals will guide your representative.

Your investment horizon: Do you want to invest to buy a house in 2 years or to support your children who will be attending university in 15 years?

Your risk tolerance: How would you react if the value of your investments decreased by 10% overnight?

At the end of your first meeting with your representative, you wonder what will be next and what should you expect from him? Ask him these questions.

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