Wall Street is just a street in Manhattan. But “Wall Street” is an industry that preys on your emotions. From the investment guru on TikTok to the former hedge fund trader with an X account to the big investment firms to your stock broker, they’ll do anything to get your attention. They have a story to tell you, a great [...]
#1 Know Where You’re Going Yogi Berra famously quipped that if you don’t know where you’re going, you might end up somewhere else. The first key to successful investing is to figure out where you are and where you want to go. What is your current situation and what are your financial goals, short and long term? You may find [...]
#1 The Financial Advisor Bait and Switch There are hardworking, honest financial advisors. Then there are those who will do a bait and switch. The bait is the promise of low fees and costs. The dishonest advisor proclaims the low fee they will charge for their services. And the upfront fees are low. The switch is in what they end [...]
#1 Hidden Costs Some financial planners and stock brokers have built a business model on hidden costs. Fees are in financial products from mutual funds to annuities. A load mutual fund carries a sales charge that gets paid to the person selling you the fund, as well as a fee to market the fund to others. Another hidden cost is [...]
Stay In Touch