August 26, 2013 in 2nd Guide - Investing Basics
Investing time or advisor time?
The choice of investing time or advisor time directly affects your financial security, retirement comfort and wealth. Time taken to invest well pays returns for a lifetime. Those returns are far greater than what you earn spending time doing anything else. Time taken to invest well builds financial security, comfort and wealth. But it does take time to learn and do well. No time to invest? - use an advisor!
Invest myself or use an advisor?
Choices To Make Money Work course 215 lesson 3, answers the question, should I invest myself or use an advisor? At the end of the lesson, links to related content help you learn more.What you learn:
Deciding how to use time is your most important decision. Using time to learn and invest well pays lifetime returns exceeding what you earn from doing anything else. But investing well does take time to learn, do and manage. Anyone serious about being financially independent, secure and comfortable must commit time to investing. Without a time commitment, you must use an advisor.Is your future worth your time?
This lesson explains the importance of taking time to invest in your future. Learning to invest well and doing what you need to do takes time. Your future security and independence is worth your time. No time? Get an advisor and learn how to be their best client.Investing time or advisor time?
Investors need to invest some time to understand and manage their investments. This and the following posts in the series help novice investors get comfortable with the amount of time required to invest well. It is a very basic introduction.
Investing can be full-time fun
If you are like me, investing is full-time fun. On the other hand, some people think getting their teeth cleaned is more fun than investing will ever be.
Someone with no knowledge or interest should spend little time at it. They should use a financial advisor. They need to carefully select use and listen to a professional financial advisor. In another post we discuss characteristics and qualifications they should look for. When your financial security and independence are important enough you will make the time to learn how to invest well.
Limited or modest returns are a downside an investor with no time or interest has to accept. For some people this is a responsible trade-off. Those who make time for what matters get amply rewarded by learning about investing.
Quality financial professionals deliver returns
A financial professional working in your best interest can set up an appropriate portfolio that offers a solid return. A quality advisor can keep you pointed in the right direction.
You need reasonable expectations. A conservative, well structured and properly managed portfolio in today`s market can protect wealth and deliver a solid return of 4 to 6% or even greater in favorable markets. With professional help, in a few hours a year a client can understand and approve such a conservative portfolio.
Quality financial advisors working in the best interests of clients prefer clients that are knowledgeable and financially literate. Naturally they also like them rich! However even holders of modest accounts can benefit from quality financial advice.
Be that most desired client
Become that desired client. Read about and pay attention to economic developments in your community and life. Dig a little deeper to better understand economic events and influences around you. In time with little effort, you will grow.
That simple effort will give you a better and deeper understanding of financial and market matters. That will give you a better grasp of how the economy and markets work.
Take advantage of having an advisor. Ask that each investment and any alternatives offered, be explained so you really understand your choices, cost and alternatives.
Thereafter, recommendations made by your financial advisor will be readily understood. You will better understand both the recommendations, the explanation and how it fits you investment needs. To learn, asking why is most often the very best question.
Advisors cost. For many people, a quality financial advisor, represents a very valuable investment. If you want to pile up better returns, seek faster growth or lower costs, you have many other choices. They all take more time and effort but can produce significantly greater returns.
When you ask the, time to invest or time of an advisor trade off question, you need to carefully consider how important your financial future and security are. Time well invested can definitely change investment outcomes.
Invest myself or use an advisor? Answered!
Every new investor that wants to produce superior results must put time into building their knowledge. Investing well does take time. This lesson explained the importance of time as your first investment in yourself. Learning to invest well and doing what superior investors do, regularly takes time. Your future security and independence is worth that time. But you can't invest time, get an advisor and become their excellent client.What you learn:
The choice of investing time or adviser time directly affects your financial security, retirement comfort and wealth. Time taken to invest well pays returns for a lifetime. Those returns are far greater than what you earn spending time doing anything else. Time taken to invest well builds financial security, comfort and wealth. But it does take time to learn and do well. No time to invest? - use an advisor!Lesson takeaways, Investing time or advisor time?
The choice of investing time or adviser time directly affects your financial security, retirement comfort and wealth. Time taken to invest well pays returns for a lifetime. Those returns are far greater than what you earn spending time doing anything else. Time taken to invest well builds financial security, comfort and wealth. But it does take time to learn and do well. No time to invest? - use an advisor!
- Take time to invest in your financial security and independence.
- Superior investors begin by investing time in their future.
- Anyone without time to invest must get a financial advisor.
- Investing time can be part-time or full-time.
- When you heir an advisor you must work to be an excellent client.
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Comments and questions welcome
Email me at WhiteTop@WhiteTopInvestor.com. Subscribe free and get White Top Investor lessons in your inbox! Make money work for you by knowing how investors think, feel and act. Learn here The Investor Mind. White Top Investor lessons, website layout and organization: click here.Make money work for you
Use White Top Investor lessons to learn investing. By doing that you can grow into a knowledgeable, comfortable and confident investor. To learn how, you can learn investing one small step at a time at your own pace. Do that and become the master of your financial security and independence. White top Investor never sells or shares our email list. Learn more.Choices To Make Money Work:
Key investing success choices Lesson 215.01
Join exceptional wealth builders Lesson 215.02
Investing time or adviser time? Lesson 215.03
Small investors have advantages Lesson 215.04
4 Successful investor traits Lesson 215.05
Avoid 6 investing sins Lesson 215.06
Investment impatience destroys wealth Lesson 215.07
3 Yeses or no investment Lesson 215.08
Investing can be fun, interesting and slow Lesson 215.09
Warren Buffett explains gold Lesson 215.10
Next course 215 lesson 4: Small investors have advantages
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