Finding Help

Many times you may need assistance in setting up a financial plan. Finding the right kind of help is critical. As with most things, a little research goes a long way.

Below are some questions to ask yourself.

• Does this professional have many years of experience?
• Does this professional have products that suit your plan?
• Does this professional get paid on commissions or by flat fee?
• Does this professional have proper licenses in your state?
• Is this professional licensed to handle stocks, bonds, mutual funds, annuities, insurance, stock options, pre-ipo stocks, forex, commodities, real estate, private placement, mortgages, and pensions?
  
• Does this professional have corporate experience in addition to personal finances?
• Does this professional have any international investing experience?
• Does this professional have any real estate investing experience?
• Is the professional interested more in helping me or making a commission?
  

Below are some questions to ask the professional.

• Do you have experience on how these plans are affected by taxes?
• How much money do you have under management?
• How often do you offer a review of the plan?
• How are the risk selection criteria determined?
• What are the assets of the investment backed by?
• What are the management fees of the investment?
• What is the track record of the investment - 1,3,5,10 years?
• What industry sectors are the investments invested in?
• Is there a guarantee of principal?
• What are the companies environmental record?
• Are there pending investigations or lawsuits with the companies or their officers?

These are not all the questions you may need to ask, but it is a start. Also, not every one of these will be applicable to every situation. The key is to find a plan that fits you, not the other way around. Financial plans should be customized to the individual, not a one size fits all scenario. This is for your future.

The plans of the diligent lead to profit
as surely as haste leads to poverty. Proverbs 21:5

If you have comments or questions, please feel free to contact me at the address below.
Email: DeltaInspire@panama-vo.com