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Ken Himmler

Avoid Investment Scams

Posted by: Ken Himmler /  Category: Economy and Stock Market, Investment Psycology, Investment Strategies

In the light of the present recession, everyone is looking for ways to make safe investments.  Unlike in previous generations, today’s primary resource for conducting the much needed investment research is none other than the Internet.  Unfortunately, there are a lot of dishonest people who have caught on to the fact that everyone is looking for a way to make a easy, safe investments.  These dishonest individuals have set up several elaborate scams to swindle honest, hardworking individuals like you out of their hard earned money.  You will need to equip yourself with the information you need to avoid such scams when doing your own investment research.

One of the most common scams comes in the form of unqualified individuals who claim to be reputable investment advisors.  These are sometimes easy to spot because they make unrealistic claims about your money.  Unfortunately there are also many well thought out scams that are hard to spot.  Sometimes scammers assume the identities of actual, licensed investment planners with outstanding credentials.  If you are not careful you can lose a lot of money in a short amount of time.

The best way to avoid these types of scams is to double-check all of your references.  Never send anybody money for investment services until you are absolutely sure they are who they claim to be.  Most reputable investment planners have only a select few websites that they operate with, and these websites are usually well documented by services that specialize in this kind of research.  When in doubt, do a google search with the name of the individual or service in question followed by the word ‘scam’ to find complaints other people have had.  When in doubt, follow this golden rule of Internet investing:  If it sounds to good to be true it probably is.  There are many legitimate investment services out there just waiting for you to find them.
 

Ken Himmler

Are You Being Complacent with your Money?

Posted by: Ken Himmler /  Category: Investment Psycology, Investment Strategies

Whether you are a fledgling investor, or a veteran in the investment world, there are always little obstacles that can threaten your advancement in the world of financial growth.  There is a lot of information out there. If you were to type in the words “investment research” into a google search you would find yourself bombarded with thousands upon thousands of links to various sites containing information about the investment world.

Many of these search results contain valuable insights into the various methods of investment, and they show strategies that with time can produce results that can lead to a comfortable retirement.  Most financial advisors will follow a rather basic template that has been shown to produce good results on a broad scale.  The major problem with most of these websites is that they fail to mention one of the major pitfalls that befall an investor: they get complacent.

You’ve heard it before, when it comes to investing your money it is ultimately your responsibility to see what happens to it.  Too much of the time investors take a passive role when it comes to their money, and they sometimes end up paying a hard price for this simple mistake.  The golden rule of investment is to always know what is going on with your money.  The more you are involved, the more investment options will open up for you to make good decisions for your future.  Do your own investment research and follow up with your investment advisor so that you always know what is going on.

Never be afraid to ask questions if you do not understand something.  Your financial advisor is there to help guide you so that you get the most out of your investments.  It is his or her job to show how to make your money work for you so that you can have that nice Florida retirement you always wanted.  We are always here for you, so let us know if you have any questions or concerns.