You vs. Wall Street by Natalie Pace

Author:Natalie Pace
Language: eng
Format: epub
Publisher: Vanguard Press
Published: 2010-09-22T00:00:00+00:00

THE BOTTOM LINE

Did you ever hear Warren Buffett talk about the billions he made by listening to his broker? No. His broker was probably screaming mad in the late 1990s when Warren refused to jump into technology. But Warren Buffett only invests in things that he knows and understands. And he’s one of the richest men in the world as a result. Your broker is there to advise and coach, but you’re a better partner if you are strong and wise, assured of what your long-term goals are and promoting investments that you are behind in heart, mind and soul. At the end of the day, it’s your money and your loss, if the investments are not handled right. So, be sure that you know your partner well and that s/he is worthy of your trust and faith.

NATALIE’S THREE TAKEAWAY TIPS

1. Brokers are salesmen, not surgeons. Many brokers push the funds that their company tells them to and/or the ones that they earn the most commission on.

2. FINRA.org is an online resource where you can find out if there have been any complaints filed against your broker candidate.

3. Brokers who are just starting out can have over 400 clients to service in order to make a living. Interview the broker as if your life depends upon it because your lifestyle does.

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