A financial advisor never works for you. He works for himself first and for his company second and if you happen to make money then that's OK too.
When they say things like "You are in it for the long term" you should say no I'm not. You are in it every day to make money. There should be very few days when you are losing money. You should take immediate action to go to another investment as soon as you see a loss in any investment.
When they say you are going to have a "Lost oportunity cost" you should say I will take the risk of a loss and wait for a better and safer opportunity to come along.
Most mutuals offer you the chance to risk your lifes savings while the fund managers and financial advisors make alll the money so be very careful of mutual funds and never forget to constantly watrch your investments. It may seem as though it is a second job but it is the necessary insurance against big losses.
T-bills are only paying 1.3 percent right now because there are so many people rushing to a place of safety.
Be very careful of any bank institutiion and make sure they are rated for safety. Only invest in a bank up to the FDIC maximum $100,000 per person and then go to another bank up to their maximum.
When a financial advisor comes at you with an amazing opportunity for a fixed or variable annuity you should run not walk from them because they have nothing in mind other than their own pocket and making a killing for themselves in a very short period of time and at very minimal work.
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Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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