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Online Financial Advice – Good to Start Investing Activities with Advice

Author: Gautam Gulati
by Gautam Gulati
Posted: Jul 02, 2016

When you are getting online financial advice, you have to make sure that you have conveyed your investment goals to the personnel who will be giving you the investment advice. Without clarifying your stand in the investment, it is not possible for you to be able to work with a solid working relationship unless you have made the person understand your actual goals. When you clarify your stand, your broker will be able to best expose you to the best services for the best costs.

Choosing a Stock Broker

It is important to work with a broker whom you feel has the best solutions for your investment goals. The ultimate goal of getting any kind of advice is to steer your investment activities towards higher levels of profits. If you are a small investor you need to be sure that your adviser is giving you as much attention as they are giving to those big clients.

Keep Away from Commission Churners

There are brokers who are purposefully geared towards making higher commissions. What they might be doing is to target your investments through different terms in a way to generate commissions. While it is important to pay for good services, you do not want to be charged way too high in the name of commissions. Therefore, it is important that you get online financial advice from reliable sources and companies.

Justify Higher Rates

If you are being charged abnormally high rates for your investments, you might want to seek justification for the higher rates in commissions. The more numbers of smart trades you execute the better money you will be able to make. When you are getting investment advice you need to be working with someone with hard core investment experience. They need to be someone who has served in the industry for at least five years.

Have an Investment Philosophy

You need to have a very strong investment philosophy in mind. And you need to work with consultants who are able to provide you with as many ideas as possible to suit your investment goals. When you invest for returns you need to make sure that you are not investing money that is borrowed or money that is meant for other expenses.

Avoid Addiction

While you can have a very high risk appetite, it can be tempting to invest more by investing out of your credit card or other kinds of borrowed money. It is important you do not get addicted to that level. Healthy psychological orientation is essential towards investment in stocks. Offers are forever going to be around. You need to be sure that you can afford certain things out of your pocket to be able to feel save and confident about your investment plans.

A statistical survey says that you will need 6 crores, if you are an Average Indian family to call yourself financially settled. While it is impossible to live life amassing all the required wealth, it is important to invest as you enjoy life and enjoy life as you invest. You should learn the principles of balanced living.

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Author: Gautam Gulati

Gautam Gulati

Member since: May 01, 2016
Published articles: 4

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