Questions to ask when working with an Investment Pro

We all want to invest for our future, but what we don't know may end up hurting us. So, I put together a few tips on what you need to know or ask when investing your money.

Should you work with a Financial Advisor for your investments or do it on your own? That's the big question isn't it? Depending on who you talk to, many say a Financial Advisor is expensive and not worth hiring for your investment management. Others say it's completely worth it and they are invaluable for helping you build wealth. So which is it? As like a lot of answers, it "depends" on your situation.

When you are first starting out, it most likely won't be worth it to hire an Advisor because you don't have enough money invested to justify the fees. However, once you have a decent amount of invested (usually $250k is a good starting point), I believe most people will benefit from having an Advisor in their corner.

Before you make your decision, you'll want to ask the question: "will the Advisor make me more money that they cost me?". There are always fees associated with a Financial Advisor (FA), so you want to know what those are.

If/when you decide to hire someone, here are some questions you want to ask the people you are interviewing (I recommend talking with 2-3 before making a decision):
1) What is the investment portfolio you are recommending for me?
2) Why did you pick this for me?
3) What is the cost (initial costs as well as ongoing costs)?
4) How will this impact my taxes?
5) Is there anything else I need to know about these investments before I make a decision?

There are obviously more questions you should ask, but this is a good start. If you are just getting started, I'd recommend getting organized with your money, getting your budget put together, have an emergency fund, and pay off your debts before investing. If you need help, coaching might be right for you. Check out our Ideal Life & Money Academy to get you started: https://www.sentinelcoaching.com/ilma

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Our goal at Ideal Life & Money Academy (ILMA) is to help you:
↪ gain confidence and certainty when it comes to handling your money wisely
↪ be part of our Active Community, filled with like-minded people who want to see you win
↪ define your Ideal Life
↪ become debt free (permanently)
↪ save more of your paycheck
↪ invest for your family's future
↪ find or create your ideal work

Some people will reach Financial Freedom without help, but it takes a lot of work and usually a long time - but if you could get there years or even decades faster without having to go through all of the pain of learning on your own, would you do it?

We believe everyone can live their Ideal Life and reach Financial Freedom, but we have been conditioned to think we can't create the life of our dreams. The Ideal Life & Money Academy is here to change that. ______________________________________
Come check us out to learn how you can give yourself a 10% raise (or more) without working more hours in the next 30-days, you've got nothing to lose and only your Ideal Life to gain! https://www.sentinelcoaching.com/raise