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  • Investment tips for first timers

    If you are considering investing your finances, here are a few ideas to get you started.

    Invest wisely in 2014 and know your broker.First, it is important set up a financial plan in order to know your goals and help you determine how much you want to invest. This means you need to be honest with yourself about debts and spending habits.

    Once you have finances figured out, you'll want to talk with financial experts who can help guide you toward the direction of your goals. It is important to talk with several experts from various investment firms. It helps to talk face-to-face when you can, and learn as much as possible about each agent; like their investment experience, and educational background.

    Third, it is important to find out how your representative gets paid. Some of the typical methods include a fixed fee, an hourly fee, a percent of the value of the assets, and by commission. Each method has potential benefits and drawbacks, so be sure to have the representative explain the differences before you do business with them.

    If you have a budget, know your personal goals and have done your homework on selecting the right kind of advisor for you, you will be on your way toward making sound financial decisions.