Economic Advisors

[ekyjohen]

Sometimes it is better to learn which advisors you should avoid versus learning how to choose the best advisors. This particular can be tougher than it sounds because good and bad advisors look and sound a lot alike.
Bad advisors are not bad people. They could have great personalities and are extremely likeable. Regrettably, these character traits have not do with proficiency or ethics.
Some of the most dangerous advisors are likeable and they have got exceptional sales skills. They are extremely skilled at convincing people that they are real advisors who put their client's financial interests first.
Someone who lacks experience though multiple business cycles. Anybody that tells you to hang restricted though a market static correction better have been through one to know very well what it is like to be scared stiff. It is human nature to be worried of losing. It helps if your advisor can give you tips about how to survive the conflit. It's even better if he's a plan to help you rebuild. Regarding course, best of all, it could have been nice never to lose so much in the first place!

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