There are number of warning signs in connection with your finances that are easy to recognize if you know what to look for. Here we list a few of them commonly overlooked by investors.
BENEFICIARIES
The beneficiary form of an investment or insurance policy overrides Wills and Trust documents – a fact most investors overlook
When was the last time you have updated these forms?
Do you have a copy of the latest update?
Does your Investment Company have a copy of it? Are you sure?
ROLLOVERS
Some company-sponsored retirement plans (such as 401k, 403b) allows funds to be rolled over into an IRA even while you are still working there. There are many advantages of taking control of your investments – get familiar with the terms of your plan or ask us for help.
DIVERSIFICATION
It is not enough to mix Stocks, Bonds and Mutual Funds to be diversified. You should also consider small-cap, large-cap, domestic, international, real estate, oil, commodities, and other alternative investments in conjunction with proper defensive strategies to be well diversified. Overlapping investments could also be a problem.
MARKET TIMING
This is among the most obvious mistakes investors make. Nobody has a crystal ball – predicting peaks and lows are tricky business, even old pros with their sophisticated computer models often fail. The mandatory disclosure: "Past performance does not guarantee future results" is there for a good reason.
DAY TRADING
Day trading should not be confused with 'investing'. It is a form of gabling – some people will get lucky, and others will loose.
INSIDER TIPS
It is illegal – don't do it. If you, your colleagues, friends or relatives really know something, you can't trade on it. If they don't, your guess is as good as theirs.
DO IT ON YOUR OWN
Some people are really good at investing on their own; others are not quite as good. But even the best ones have discovered that it takes lots of learning, access to Products available only to properly licensed Representatives, and full time dedication to keep up with all the issues we discuss on this web site. Thus, some of the most sophisticated ones decided to hand over the management of their investments to us and to become our clients.
(Note: Diversification and asset allocation strategies do not assure profit or protect against loss).
Due to various state regulations and registration requirements concerning the dissemination of information regarding investment products and services, we are required to limit access of the following pages to individuals residing in California, Nevada, New York and Michigan, where we are currently registered.
Investment Advisory Services offered through IAR’s of Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Securities offered through Registered Representatives of
Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC.
Cambridge and Future Legacy are not affiliated. California Ins. Lic.: OCO4138
While the tax and legal guidance provided is based on our understanding of current laws, the information is not intended as tax or legal advice and should not be relied upon as such. As with all matters of a tax or legal nature, you should consult with your tax or legal counsel for advice.
BENEFICIARIES