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Evaluating A Money Manager
Scams and frauds are designed to take your money through false promises and phony claims. Money management is supposedly designed to increase your net worth. Sometimes these two worlds meet and the results are not in your favor, i.e., you have a considerable decrease in net worth. The information in this article won't keep future money managers honest but it will help you find the one who is right for your situation. There are four criteria you must consider before you give your money to anyone to manage. 1) Philosophy-- This is the thought theology used by the money manager to make your money grow. In other words, does (s)he focus on stocks, options, mutual funds, annuities, a blend of investment vehicles, etc.? Does this philosophy coincide with your risk tolerance? If stocks are too risky, a manager concentrating in that arena isn't for you. The philosophy also points you to their performance. 2) Performance-- We all know the markets are not stagnant. They go up, they go down. No investment manager can predict the market with absolute certainty. But, they should perform well, or even above average, in their specialty. For example, a stock focused money manager in today's market environment should have performance numbers that would make even Warren Buffet take notice. You want as long a performance record as possbile. To be fair, one market cycle should give you a decent indication of the manager's performance in his/her area(s) of expertise. 3) Process-- This is the means the manager uses to select securities for the portfolios. For example, does (s)he rely 4) Personnel-- Besides wanting to know the manager's experience, you'd be wise to learn all you could about the folks working in the office. Who actually manages the portfolio? His/her experience? How long has (s)he been in business? Who will manage your account when (s)he is out of the office, on vacation, on business? Some people would say cost is one of the criteria. I say it is, but to a lesser degree. In over 30 years in this business, I can guarantee that paying the highest commission did not necessarily result in receiving the best advice. Paying the lowest commission did not necessarily result in receiving the worst advice. Cost comes in the form of fees and commissions. ALL money managers charge. Cost, initially, should not be in your criteria because it often becomes the ONLY determining factor. That will skewer your thinking and could result in not having a How? You will be quoted a charge. If you are not comfortable with that price, negotiate. All fees and commissions are negotiable. If the manager refuses to negotiate, then and only then, make cost a member of the criteria team. This article won't solve all of the money management problems or costs associated therewith. However, it'll at least start you thinking in the right direction and keep 2004 (c) This article may not be reprinted without permission of the author who can be reached at tom-koziol@excite.com GUARANTEED! Turn your paycheck into a cash flow geyser. Cashclique.com Dollar$ign Newsletter provides proven paycheck stretching money management tips, tools, techniques and strategies to increase your personal cash flow. This is YOUR fail safe money management program. FREE subscription at http://www.cashclique.com/page4.htm
Latest News:Site: Yahoo! News Search Results for news [News] 5 O'Clock Shadow News you can't leave work without: Asamoah makes a deal News of record News of record reports for Chelan and Douglas counties Newport News police seek help on thefts from cars NEWPORT NEWS A rash of summer-night car break-ins and vandalism has police asking the public for help, and warning them to lock their vehicles. Newport News hit with rash of car break-ins NEWPORT NEWS -- Police are asking for help in solving a large number of car break-ins and vandalism cases in Newport News. According to police, 134 cases were reported in the area between J. Clyde Morris Blvd. and Oyster Point Road since June 1. Most of the incidents were between J. Clyde Morris and Middle Ground Blvd. and happened during the early evening hours. Police say many thefts happened ... NEWS ALERTS: Sign up to get breaking news on your mobile phone Get breaking local news as it happens. Enter your phone number: Standard Messaging Rates or other charges apply. To Opt-out text STOP to 4INFO (44636). For more information text HELP to 4INFO (44636). Contact your carrier for more details. Powered by 4INFO. Newport News police search for suspects in string of car thefts Newport News detectives are seeking assistance from the Community, in solving a large number of cases involving damage to, and larcenies from, cars. Newport News police seek information regarding larcenies and property damage NEWPORT NEWS -- Police are investigating 134 cases of damage to cars and larcenies from cars that occurred between June 1 and July 25, according to police. News in brief Here are a selection of brief news items from this week?s paper edition, and possibly a few news briefs that didn?t make it in the paper. Newport News townhouse damaged by fire NEWPORT NEWS A townhouse in the 1000 block of Willow Green Drive was damaged by fire this morning, fire officials said. One of the residents had minor burns to his hand, a Fire Department news release says. An off-duty city firefighter/medic helped evacuate the adjoining homes. News of the Past who has deep genealogical roots to Winston County, provides news from past editions of the Winston County Journal. The Winston County Board of Supervisors posted a notice of the new "Dog Law" which was passed in the July term. Site: news - Google News Arizona News Round Up - San Francisco Chronicle (blog)
MORE RESOURCES: Site: Yahoo! News Search Results for investing Angel Investing Group Joins Science Center Port Business Incubator PHILADELPHIA----Angel investing group Robin Hood Ventures has established an office in the University City Science Center?s Port business incubator. Other new Port residents include: Biologistics Consulting, DMX and Nuvon. Apollo Tyres investing 6.6 mln euros in Netherlands unit MUMBAI, July 29 (Reuters) - Apollo Tyres Ltd said on Thursday it is investing 6.6 million euros in a unit in the Netherlands to enhance plant capacity to 6 million tyres a year from 5.1 million tyres. Do your homework when investing Many people see direct share investing as an active strategy. But there are still passive elements in direct share investing for small investors, especially the high degree of trust they must have in the investments they buy. Investing in the world's best balance sheets At the G20 summit in Toronto last month, the leaders of world's largest economies embraced a brave new theme: Halting the alarming, potentially ruinous growth in already mountainous sovereign debt. Investing in lithium Paul Justice, associate director of ETF Research at Morningstar explains why investors are excited over the launch of a slew of a electric cars Investing in businesses You have elected to become an investor, which is the next step after you have become a saver. You can choose just to remain a saver and never invest, but then your default is cash. I will define cash separately as most people get very confused about what is cash and what is not. Government of Canada Investing in Clean Energy Production Improvement at AV Nackawic Pulp Mill NACKAWIC, NEW BRUNSWICK--(Marketwire - July 28, 2010) - The Government of Canada is investing in two capital improvement projects that will support clean energy production and environmental improvements at the AV Nackawic pulp mill in Nackawic, New Brunswick, Mike Allen, Member of Parliament for Tobique-Mactaquaq, announced today. The investment of $2.37 million for AV Nackawic Incorporated is ... Premiere Penny Stocks Issues Investing Watchlist: Ford Motor Company, General Electric Company, Intel Corp., and ... SEATTLE, WASHINGTON--(Marketwire - July 28, 2010) - PremierePennyStocks.com a leading source for value investing research, offers its stock alert newsletter to the investment community. PremierePennyStocks provides its subscribers with early information on cheap and under-valued stocks with the potential to deliver gains of 100% - 200% or more. In order to receive our FREE, comprehensive ... Folio Investing Announces Second Quarter's Top 5 RTG Folios Underscoring the stock market's volatility in the second quarter, online brokerage Folio Investing today announced that each of its Top 5 performing Ready-to-Go Folios for the quarter were either bear market or bond Folios. The Dollar-Oil Link And A Continuing Recession, Investing Strategies Through A Historical Lens 67 WALL STREET, New York - July 28, 2010 - The Wall Street Transcript has just published its Real Estate Investing and Other Investing Strategies Report offering a timely review of the sector to serious investors and industry executives. This feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is ... Site: investing - Google News Perkins Investment Management and Janus Launch Income-Focused Balanced Strategy - MarketWatch (press release)
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