Tuesday, April 24, 2012

How to manage your money. Lesson 1

Learn how to manage your money!
Do you remember Subprime Crisis? How so many people could have lost their money? The answer is easy: some Brokers purchased huge amounts of these toxic investments for their customer's portfolios. Eventually those assets did default.
If you don’t know how to manage your assets and you don’t check out your broker’s management, you may find yourself at the mercy of a non professional operator or worse you may be at risk somebody will sell you some junk stocks.
Furthermore if you do know the basics, you can manage your own assets yourself or you can choose to hire an investment adviser, but always know what you’re investing in. This way your adviser will learn you re not a rookie he can take to the cleaner’s.
Luigi Foscale

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