Who should I talk to about stocks? (2024)

Who should I talk to about stocks?

You can hire a broker, an investment adviser, or a financial planner to help you make investment decisions. You can also get investment advice from most financial institutions that sell investments, including brokerages, banks, mutual fund companies, and insurance companies.

Who to talk to about stocks?

In order to buy stocks, you need the assistance of a stockbroker who is licensed to purchase securities on your behalf. However, before you make a decision on a stockbroker, you need to figure out what type of stockbroker is right for you.

Is it worth it to get a stock advisor?

Investors who work with an advisor are generally more confident about reaching their goals. Industry studies estimate that professional financial advice can add between 1.5% and 4% to portfolio returns over the long term.

Where do people talk about stocks?

Stockaholics is a financial forum and active online community that has discussions about investing, stock tips, penny stocks, and market analysis. The community is filled with many traders and investors, and it's a place where like-minded individuals can connect to talk about the market.

Who can give advice on stock market?

SEBI-Registered Investment Advisors provide expert advice on investment decisions. They also offer various services, including financial planning, investment management, retirement planning, and tax planning.

Who gives best stock advice for free?

How much does it cost to have someone manage your stocks?

What is The Motley Fool's top 10 stock picks?

The Motley Fool has positions in and recommends Alphabet, Amazon, Chewy, Fiverr International, Fortinet, Nvidia, PayPal, Salesforce, and Uber Technologies.

At what net worth should I get a financial advisor?

Generally, having between $50,000 and $500,000 of liquid assets to invest can be a good point to start looking at hiring a financial advisor. Some advisors have minimum asset thresholds. This could be a relatively low figure, like $25,000, but it could $500,000, $1 million or even more.

Should I use a financial advisor or do it myself?

Those who use financial advisors typically get higher returns and more integrated planning, including tax management, retirement planning and estate planning. Self-investors, on the other hand, save on advisor fees and get the self-satisfaction of learning about investing and making their own decisions.

What does Warren Buffett say about stocks?

These high-risk investments can be a trap for undisciplined investors with unfettered access to trading apps. “For whatever reasons, markets now exhibit far more casino-like behavior than they did when I was young,” Buffett wrote in the letter. “The casino now resides in many homes and daily tempts the occupants.”

What should we check before buying stocks?

The company's fundamentals: Research the company's performance in the last five years, including figures like earnings per share, price to book ratio, price to earnings ratio, dividend, return on equity, etc. Future relevance: Check if it is equipped to survive a few years down the lane.

Where should I hold US stocks?

Therefore, for tax purposes, it will generally always be better to hold US investments in RRSPs rather than TFSAs. For other countries, it might be wise to hold foreign securities personally in order to claim the deduction for foreign taxes if such taxes are imposed on income received.

Should I pay someone to do my stocks?

It will also depend on how much money you have to invest. If you have strong financial acumen, and experience investing, then you might be fine investing your own money. If you have less than $50,000 of liquid assets then you may also want to consider going at it on your own as the fees might not be worth it.

Can I pay someone to manage my stocks?

Investment management is the process of building a portfolio of stocks, bonds and other investments based on your goals. You can hire an investment management service, or manage your own portfolio.

Can I pay someone to do stocks for me?

You can hire a broker, an investment adviser, or a financial planner to help you make investment decisions. You can also get investment advice from most financial institutions that sell investments, including brokerages, banks, mutual fund companies, and insurance companies.

Who is the most successful stock picker?

He cites the number of professional Wall Street firms and hedge funds now participating in the market. “Warren Buffett was generally considered the greatest stock picker of all time.

Who is the most accurate stock picker?

What is the best stock to buy for beginners?

Is 2% fee high for a financial advisor?

Most of my research has shown people saying about 1% is normal. Answer: From a regulatory perspective, it's usually prohibited to ever charge more than 2%, so it's common to see fees range from as low as 0.25% all the way up to 2%, says certified financial planner Taylor Jessee at Impact Financial.

What does Charles Schwab charge for a financial advisor?

Your dedicated advisor is backed by an experienced team of specialists who cover key aspects of your financial life. Backed by the safety, trust, and value you can expect from Schwab. $500,000 to start. Fees start at 0.80%, and the fee rate decreases at higher asset levels.

Is a 1% management fee high?

Many financial advisers charge based on how much money they manage on your behalf, and 1% of your total assets under management is a pretty standard fee.

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