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  1. What is a financial adviser?
  2. Do I need a financial adviser?
  3. What is a full-service broker?
  4. Is there a difference between a full-service broker and a discount broker?
  5. Which type of broker is best for me?
  1. What is a financial adviser?
    A financial adviser is someone on whom you rely for direction through the minefields of financial alternatives. Your broker, banker, financial planner, insurance agent, and even your lawyer and accountant can serve as your financial adviser.
     
  2. Do I need a financial adviser?
    Everyone can use expert help in certain circumstances. We all  need to turn to others for information on new products and to place an order for stocks or bonds. Unless you are licensed to transact business on a stock exchange, there are certain investments you can't make by yourself.
     
  3. What is a full-service broker?
    A full-service broker offers a wide variety of financial products and services. He or she will charge you a higher commission to transact your business because, along with the transaction, you can receive day to day assistance with your finances if you need it and investment recommendations if you ask. Your commissions also pay for research reports on stocks and other services. The important point to keep in mind is that full-service broker only make money when you buy or sell something.
     
  4. Is there a difference between a full-service broker and a discount broker?
    With a discount broker, you're basically on your own. you make the decisions; you do the stock research; you decide which products are best for you. However, because you are doing all the work, you pay much lower commissions than at a full-service firm.
     
  5. Which type of broker is best for me?
    The answer depends on your circumstances. If you are comfortable making your own investment decisions, then why pay full-service commissions? But if you are new to investing or you don't have the necessary time to devote to your investments, then the extra cost of a full-service broker makes sense.

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   Always keep in mind to:
  1. Spend less than you earn! People who spend every penny they make usually end up going broke.......
  2. Take enough risk on the money you save! Playing safe by putting your money under the mattress or in a savings account will not make you wealthy..

Remember that..... Fully one-fifth of humanity, some 1.3 billion people, struggles to survive on less than $1 per day. About 40% of humanity survives on less than $2 per day. More than a billion people around the world will go to bed hungry tonight. Life expectancy in some 32 countries is less than 40 years. If you have a few extra dollars in your pocket (you don't have to be a millionaire to make a difference), please share some of your financial good fortune with others who are in great need.


Think About It...  Being in the 'now' brings a freedom, unlike living in the past or in the future, which is a kind of imprisonment. This isn't a kind of a denial where you pretend life doesn't have problems. Life is full of problems, but most of those stresses and failures are reliving old hurts or worrying about future concerns. -- Carl Honore

When you 're diagnosed with cancer, you start to bargain with God: "Let me get through this, and I'll take better care of myself. I'll get my priorities in order. I'll learn to live every day to the fullest." Isn't it sad that you have to get sick before giving yourself permission to live life to the fullest? -- Robert Schimmel Look at Life in different & Positive ways