It is always a good idea to keep an eye on your money, especially these days and there are many simple ways to guard your money, including these tips from the Wall Street Journal.
1. “Do your homework when picking a financial adviser.”
2. “Ask tough questions to identify potential conflicts of interest.”
3. “Ask tough questions about risk factors.”
4. “Check whether the fund manager’s interests are aligned with yours.”
5. “Check whether the fund firm ’s interests are aligned with yours.”
These steps seems fairly intuitive, but they do definitely merit Post-it or checklist worthy status for any investor.
For more on the details and rationale behind each step, click here.
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