Managing investments is a very serious matter, which can lead either to huge profits or to huge losses. This paper is aimed at explaining, whether it is worth seeking for outside assistance in such matters and what should be remembered in case such assistance is called for. Investment management It has become very frequent at present time to use the outside service and assistance of investment (financial) broker or estate planner. The use of the planners assistance is the means of saving time and ensuring the correct use of finances for good return. Many people also feel more comfortable through attracting the outside assistance in relation to investments and estate planning. However, these two functions are somewhat different.
I had just one experience of using the outside help of the investment broker, though this assistance was not for me, but for my parents. They has some financial assets, which they wanted to invest effectively, however their aim was not to get high return, but to have stable dependable income, even if it could be rather low in comparison to the options, which existed at the financial market at the time. They have found some enterprise through their neighbors, who had already used it and seemed to be satisfied, and invited their specialist to have a kind of consultation. Unfortunately, after having spoken to the invited specialist, they decided not to invest into the stocks and bonds, which the specialist offered to them. I dont know the reason of their refusal, but this was the last time they ever used any similar outside help. As far as I know, the price he required for his service appeared too high in comparison to the information with which he provided my parents.
The Essay on Effectiveness of Time and Financial Management
The researchers chose 7 different scholars to conduct a survey about the chosen topic. Most of the respondents came from student assistant’s category and the others came from the category of academic scholars. These scholars were given scholarships from Ozanam Study Grant Program and Megaworld Foundation. On the range of their ages, 17-22 years old were the students who were given an opportunity ...
For those, who want to use the outside help of such specialists as financial brokers, investment consultants and estate planners, it should be born in mind that these kinds of specialists are somewhat different in their functions. Investment specialists and financial brokers will make a decision as for your finances, while estate planner is usually invited when a person creates a will and wants the heirs to meet the aims and objectives, which have been set for this or that piece of estate. It should be also remembered, that estate planning (or better financial planning, in case the term estate planning is to closely related with the word death) is the planning, which is usually made for the long term and thus should be carefully considered and reconsidered, with taking into account all pro and against; professional estate planner will advise all these aspects of planning. On the contrary, broker works with the financial assets, and his aim is to invest them into the most profitable stocks and bonds, with the highest return, as his salary is equal to the commission he gets. The use of the financial planner may be appropriate and useful in the following cases: when the person who needs the outside help is not good at planning finances and wants to be sure that his investments are made in the correct way; when the person looking for outside help possesses a complex system of financial documents and just needs a specialist of high quality and education to systematize these papers and get satisfactory profits in return; when a person, creating a will, wants to make a wise and useful transfer of his estate or other assets to his heirs. As for me personally, I would certainly seek advice in such services, as they may become very useful for me in assisting me with distributing my financial wealth (in case I have one) among the most profitable and promising stocks and bonds. On the other hand, there should be followed certain precautions, as for the use of such services, as it has become a very popular means of frauds.
The Business plan on Estate Planning For Family Owned Businesses
Estate Planning For Family Owned Businesses Family business can be considered a vital force in the United States economy. According to the recent statistic data, approximately ninety percent of all American businesses are family controlled or family owned. According to the estimates, family owned and controlled businesses generate approximately 50% of the United States GDP and about 50% of the ...
The main principle to be followed is that if some unknown broker calls you and offers a deal which seems to be very good and promising, it is usually a company, which may be based in some secondary country with imperfect legal system, thus it will be impossible to get the money back in case it is lost. I would recommend to address only the firms which are well-known and are well-established in their circles, or to use the recommendations of relatives of friends as for the use of this or that service. The person, who wants to attract such kind of help, should not be seduced by the cheap level of fees or too attractive deals. References Estate planning. Retrieved on 15, September 2006 at http://www.professionalreferrals.ca/section-3.html.
