Shark attack! In this episode, we show you how to determine the wise financial investments and advisors from mere sharks and scams. Variable annuities are one of those investments you need to really understand. Unfortunately, they are sold very aggressively. You’ll meet two entirely different people who wound up owning annuities when it was clear there would be no benefit to them whatsoever. When you’re checking out a financial advisor, you need to know how that person is getting paid and what you should expect him or her to do for you.
You can choose whether to use an advisor or go it alone. Investing 101 focuses on how to invest on your own. Rob explains dollar-cost averaging and why this systematic way of investing makes so much sense. He’ll also explain other choices for getting the maximum diversification you can in your portfolio at a reasonable cost.
Scam Alert: See our report from Michigan about an investment advisor who crossed the line by selling unregistered securities to unsuspecting clients. He falsified documents, created fictitious statements and used photo opportunities with famous people to build a false credibility.
