FREQUENTLY ASKED QUESTIONS
I cannot speak for all financial coaches or advisors, but I can speak for myself here. Most financial advisors and brokers are just sales people. They sell you different “investments” like mutual funds and annuities that pad their pockets with commissions. I am not a salesman, I am a teacher. Rather than sell you something, I teach you how to see whether you should buy something or not, how to find good investments, and how to control your own financial future rather than rely on HOPE that someone else is making the right decisions for you.
“What do they know about what they are recommending? (Who is on the management team of the company or fund?)”
“Do they own what they are selling?”
“Do you learn from them? (Are they teaching you anything or just telling you what to buy)”
“Do they bring you new ideas or just buy and sell what you ask them to?”
“Will they allow you to use limit orders? (Often brokers don’t like limit orders because they know there’s a chance the order may not be filled, and they don’t make their comission for the trade.)”