Sunday, September 12, 2010

Who Should Manage Your Money? Only You!

The typical stockbroker went from selling shoes or cars to hustling stocks after passing the exam.

Your financial future is not his or her concern; generating sales commissions is. Of course there is plenty of free advice out there, from Jim Cramer to Suze Orman. But, you will likely get what you pay for.

Finding good investments is very hard work. Buying them at the right price is even harder work. Having the patience to buy at the right time and sell at the right time is nearly impossible.

Your best bet is to invest in companies that pay monthly distributions. At least this way you get paid to ride things out or to recover your capital if your investment was poorly timed.

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