1 Answers: What is the best wealth management firm?

Question

I have been reading about different wealth management firms to invest my money into. There are so many out there that I really don’t know what to do. I have been told that with the “2 and 20” I need to pay hedge funds and also their poor performance against the market over recent years that maybe it is best not to invest in a managed fund.

I am told that maybe an ETF or Index fund works better?

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Wendy Morrison 7 months 1 Answer 84 views 0

Answer ( 1 )

  1. Nowadays stay away from wealth management firms!

    You can easily do it yourself DIY = More Money For YOu!

    STEPS:

    So the first thing that you have to figure out is what you want from investing do you want to short term investing there where you can create some sort of income and see your account grow over weeks and months.

    Where do you want a longer term investment where you can put your money somewhere and it just sits there and grows slowly where you can either pull it out or create income.

    Over the course of holding that investment.

    The second thing you want to figure out is your risk tolerance.

    So do you want to risk a lot portrayed a little bit for trade.

    You want to be exposed to the market for a long time.

    Do you want to be exposed for just a short period of time so your risk tolerance will determine how long you trade and stay in your trades as well as what Marquis trade next.

    You want to find out if you’re more of a technical trader or if you’re more of a fundamental trader of course the best traders will use a little bit of both.

    But personally I use a lot more technical analysis and fundamental analysis because it best suits my trading style.

    So figure out whether you’re more into the visual type of trading or if you’re more into the reports and research type of trading.

    Next you will have to develop discipline because trading will offer so many exciting ways to make money and relatively quickly also.

    So you have to be sure that you’re treating it like a business.

    You’re serious about growing your account because no one wants to lose money.

    Of course you’re going to go into a wanting to make money but if you don’t take it seriously and do your due diligence do your research.

    You’re not going to see any sort of positive returns.

    And lastly make sure you start off with a practice account.

    There’s no need to go throwing your real money into learning how to trade.

    You want to make sure that you have a solid trading strategy that you’ve tested over the course of several months preferably and then you could take it live with a little bit of your real money and then slowly and once you get more confident if you’re more of a technical trader feel free to check out my Dow Theory that is the foundation for all technical trading strategies.

    THERE IS SO MUCH AVAILABLE ONLINE NOWADAYS THAT NO WEALTH MANAGEMENT COMPANY IS NEEDED.

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