Thread: Investing Poll
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Old 05-21-2007   #32 (permalink)
smachim
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Join Date: Sep 2002
Location: NYC
Posts: 107
From an insider point of view: I hardly would take a broker advice without double-checking myself. Although is a very regulated business, their bonuses is based in their revenues. And their objectives not always match yours.

The first questions you have to answer are what is your investment profile (with what portfolio are you able to sleep at night), your time horizon (when will you need the money) and your tax situation.

Afterwards you can start making decisions, but never invest in something you don’t know about just because is “popular” or your friend told you. Tips are great… to start doing your homework.

There are good mutual funds (Latin American funds had performances of over 30% pa in the last years) and bad funds. And the same happen with bonds, shares, etc.
Also remember that with a depreciating US$ (if that’s your thought) anything invested abroad will yield at least the currency appreciation of the underlying.
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