Wealth Management
If you’re new to investing, a good place to start managing your wealth is to consult your tax preparer or accountant. They may be able to provide you with financial planning services. They may also be able to refer you to somebody who can.
There are three types of professional wealth management services you can use.
- A full service stock broker - A good stock broker is one who understands investing and who has the integrity to settle conflicts of interest in the client’s favour. Good stock brokers can provide an effective and economical way to manage your investments. But if you are going to use a full-service broker, take the time to find a broker you can trust.
- A discount stock broker - A discount stock broker will simply carry out buy and sell orders for their clients, and charge lower commission rates than full-service brokers. You pay even lower commissions if you trade stocks online, instead of placing orders over the phone.
- Portfolio managers - A portfolio manager is someone who fully manages your wealth portfolio and has a fiduciary responsibility to make sound investment decisions on your behalf. Portfolio managers are more stringently regulated than full-service or discount brokers.
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“Averaging down” is the well-known market tactic by which investors buy more shares of a stock that has come down in price.
Averaging down lowers your average cost per share, but can cost you money in the long run. At the same time, you run the risk of distorting your overall portfolio management strategy.
Here are three problems that crop up with averaging down:
Averaging down lowers your average cost per share, but can cost you money in the long run. At the same time, you run the risk of distorting your overall portfolio management strategy.
Portfolio management: 3 reasons to avoid “averaging down.”
Here are three problems that crop up with averaging down:
- Averaging down ignores investment quality. Many investors have made lots of money by “averaging in” to the stock of a well-established, well-managed company — that is, buying more as funds became available over a period of years....
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We analyze ACI in Stock Pickers Digest, our newsletter that recommends investments for the aggressive part of your stock portfolio.
In March 2011, ACI bought ICD Corp....
We analyze ACI in Stock Pickers Digest, our newsletter that recommends investments for the aggressive part of your stock portfolio.
In March 2011, ACI bought ICD Corp....
The main benefit of annuities is that they offer stable, predictable income. That may make them suitable for part of your assets, depending on your age and investment experience.
Investors sometimes ask us whether they should buy stocks “on margin.” That is, whether they should borrow money from their broker to buy securities.
(When you become a member of Pat McKeough’s Inner Circle, you get to ask me and my team of investment experts anything about your investments—from portfolio management strategies to questions about individual stocks....
(When you become a member of Pat McKeough’s Inner Circle, you get to ask me and my team of investment experts anything about your investments—from portfolio management strategies to questions about individual stocks....
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Automatic retirement investing profits from dollar-cost averaging
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