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Full Version: Newbie:how To Choose An Investment Bank/investor
MoneyMakerGroup > MoneyMaking: Markets, Real Estate, Banking, and Investments > Personal Finance > Banking, Savings, CDs, Money Markets, Bonds & Retirement Planning


Syncro
I want for someone to take care of things. while ill be checking in once in a while but i just want someone else to deal with my investments. i had someone i trusted but long story short i need a new one.

now here are a few questions:


should i just go with one of the big boys like jp morgan/meryll lynch/fidelity/goldman sacks/ (4 that i have in mind) or not. ?

im afraid that those working there are just product pushers and earn commision on what they "sell" me into rather than doing thier homework. at the same time its a big bank that has a lot of R&D and a lot of "know how" and know what is good to invest in.
i rather the person handling my finances be paid on commision based on how good my stocks/funds/etf/etc are doing. which
imo would make them care a bit more.


would giving different companies a bit of money to see how they perform in a given time and the one thats best get the rest, be a good idea.? i know there are fees but imo its not too important as the outcome will benefit me in the long run. (unless its too much in fees)


And i know this one but just in case...
how would you choose a personal investor not affiliated to the big companies? i dunno anyone or know but not like my friends/family investors and i am very paranoid, hard time trusting anyone (also reason why the big banks)
btw not to be too blunt but im also not going to choose someone in a forum smile.gif
Syncro
no takers? am i waayy off?
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