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Is there a right time to call a financial advisor?

WHEN IS (AND IS THERE) THE RIGHT TIME TO CALL A FINANCIAL ADVISOR? There comes a time in the life of everyone when making good financial decisions becomes crucial in order to reach a prosperous future. Choosing the right financial advisor for you is then a major step. Most professionals will tell you that it's never too early to get advice. Even if you don't have a long of money yet, getting in touch with a financial advisor may help you to set up goals. HOW CAN YOU BUY FOREIGN STOCKS? One way is to open a title account at a broker or a local broker in the country you are targeting. It is possible to do so and some advisors provide these services. This is, for instance, the case of Anh Thomas Investment, a financial advisory firm based in Delaware which can help you to open a broker account in Vietnam or other Asian countries. The risks inherent in investing abroad are of three kinds: 1. Currency risk: 2. Business risk: 3. Market risk: The evolution of the price of stock remains correlated to its market. So you have to be wary of promising markets that are often very volatile. Finally, do not forget to keep in mind time differences! A GOOD WEALTH MANAGEMENT ADVISOR MUST HAVE A COUPLE OF QUALITIES A good wealth management advisor must have a couple of qualities. The first one is that he or she needs to understand all aspects of the wealth statement. In other words, he or she should not limit its pieces of advice to a specific area. The second most important quality is his/her independence. A good wealth management advisor is independent, unlike a bank that only offers "home-made" products. The wealth management advisor must, therefore, offer you product ranges independently and above all, he/she should be able to explain the advantages and disadvantages of the solutions he/she has found.

1 comment:

  1. Good one... In a particular time, you will need guidance to lead you to take a decision on your financial plans. I have seen some people who have taken the wrong decision that led them to fail and lost a lot of money.
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