Before you meet your financial advisor, you may have some questions about your investment. Read the following information to be prepared before you meet the financial advisor, and learn more about your investment requirements.
Investors have their own investment objectives that depend on short-term or long-term demand. Communicating these objectives to the financial advisor is the first step.
Start by answering these questions:
These are important questions that reflect on risk tolerance, which can be difficult to define and can change over time. Your ability to take risks: your age, your wealth and financial needs all affect the determination of the ability to cope with risk.
The duration of the investment plan also plays a fundamental role, because it shows how much liquidity should be kept in the portfolio. A pension investment plan is a long- term investment, up to 30 years, which is called the accumulation phase. Also the retirement period, which can average up to 20 years, should also be considered.
Before you visit a financial advisor, you should ask yourself the following questions to clarify your purpose of the investment:
The interview with financial advisors is a must. This questions list will help you find a qualified advisor who is committed to ethical and professional standards.