Is Relying On Stock Markets For Economic Signals A Mistake?
If we had signals that told us with certainty what direction the economy was headed, we might have an edge in our investment strategy; we would know when it was a good time to invest when to proceed with caution or put the brakes on.
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Why Many Salesmen Want You to Buy an Annuity
Although there may be some rare occasions where certain types of low-cost, no load annuities may make sense, the study's results amount to a big, fat, buyer-beware regarding annuities and those who sell them. So when you get that free-lunch invitation, beware. And, ideally, sit down with a fee-only financial adviser, who doesn't earn sales commissions, to get an objective second opinion before seriously considering turning over your hard earned dollars.
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More Conflicts At Big Brokerage Firms
Did you ever wonder how a financial advisor makes their investment recommendations? There are thousands of mutual funds on the market today. How does he/she pick one over the other? If your advisor works for a big brokerage firm like Morgan Stanley or Merrill Lynch, some of the decision-making is taken out of his/her hands.
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