THE LOW-DOWN
Ainât no such thing as a stupid question
Did you know that 8 in 10 women avoid conversations about money because they are âtoo personalâ or âuncomfortableâ? Itâs true - take a look at the online Fidelityâs Money FIT Women Study if you donât believe us. As you may have gathered, Vestpod doesnât support such reticence - money shouldnât be a taboo. Sheryl Sandberg once said âDon't be afraid to ask the 'dumb' question, everyone else will be relieved you had the guts to ask!â Following her sound advice, we did the homework for you and compiled a list of relevant videos and articles - see below:
Nothing is more important to us than getting you financially empowered. Weâve thought long and hard on how to bring you the best independent financial advice and answer your most pressing questions, which is why weâre launching a partnership program with top financial planners and advisers (woop!). Watch this space for a new category titled âAsk an Adviser,â allowing you to ask your burning money questions anonymously (or not - you decide!), and our team of financial advisers will bring you their invaluable advice in return.
What is a financial adviser, anyway? Simply put, it is someone that provides financial advice or guidance to customers for a compensation. They are also frequently known as âmortgage adviserâ, âinvestment adviserâ, âpension adviserâ or âfinancial plannerâ. How much do they normally charge? That depends. When working with a financial adviser, there are different ways you can pay for their advice. Normally, you will have 4 options: an hourly rate (from ÂŁ75 to ÂŁ350 an hour)/ a set fee for a piece of work (several hundred to several thousand pounds)/ a monthly fee/ an ongoing fee.
In order to get the most out of a financial adviser, itâs important you take the time to ask the right questions. To get you started, check out this list of questions compiled by Forbes. Due to the highly personal nature of personal finance, finding the right adviser is very important and can take a bit of time time, so donât rush!
THE BIGGER PICTURE
Make a pretty penny, Warren Buffet style
Letâs set one thing straight. If you are considering investing, you need to know about Warren Buffet - an American business magnate, investor and philanthropist as well as the CEO and largest shareholder of Berkshire Hathaway. Oh, and, he also happens to be the second richest person in the world with a net worth of $73.9bn . Clearly, he must be doing something right.
It feels like professional investors in London make tonnes of money effortlessly investing in the stock market while most of us mere mortals just about manage to beat inflation.
So, what are the main traits of âsuccessful investorsâ and how do you become âgoodâ at investing? We have gathered advice from market specialists and broken it down into easy-to-follow tips. Read the full article on Vestpod.
We are not certified financial advisers! The articles and information made available on Vestpod are provided for information and educational purposes only and do not constitute financial advice. You are advised to consult with an independent financial advisor for advice on your specific circumstances. Read our Disclaimer here.
