Financial planners help individuals plan their financial futures. How are you going to cover your retirement needs? What do you have to do today to put your children through college? This work can be personally and financially rewarding and requires excellent interpersonal skills. A good financial planner understands investments, taxes, estate planning issues and knows how to listen. This work can be done within a company such as IDS Financial Services or by yourself, as a sole proprietorship. Most planners go solo or work within smaller practices. It's essential then that you have a certain amount of entrepreneurship given that you will be running your own business. The work pays well and is rewarding if you like to help people. Increasingly, it pays to obtain the Certified Financial Planner (CFP) designation.
For the past year now, stock markets here and abroad have been going down. Things really got ugly in October, and many investors are faced with investment losses of 30% or more over a relatively short amount of time. Nobody likes to see a loss on their quarterly statement, but that's the reality we face right now. It can get depressing to constantly hear the bad news and see the economy struggle, but you need to be careful and make sure you're still making smart decisions with your money.
It might be instinct to want to pull all of your money out and hide it under the mattress, but that certainly won't help you achieve your long-term goals. Instead, this is a perfect time to become educated on how the markets work, how to create a solid portfolio, and prepare for the future. Things will reverse course, and while it might not happen right away, it will get better.
For the past year now, stock markets here and abroad have been going down. Things really got ugly in October, and many investors are faced with investment losses of 30% or more over a relatively short amount of time. Nobody likes to see a loss on their quarterly statement, but that's the reality we face right now. It can get depressing to constantly hear the bad news and see the economy struggle, but you need to be careful and make sure you're still making smart decisions with your money.
It might be instinct to want to pull all of your money out and hide it under the mattress, but that certainly won't help you achieve your long-term goals. Instead, this is a perfect time to become educated on how the markets work, how to create a solid portfolio, and prepare for the future. Things will reverse course, and while it might not happen right away, it will get better.
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