Sunday, October 21, 2007

Portfolio management

Having a portfolio manager means that you have to pay him a fee, but if you don't know anything about money, stocks, investments, and all of that fun stuff, you are going to make more if you have someone knowledgeable handling your Portfolio Management for you. If you know how to handle your own portfolio management, you can save a lot of money by not paying fees to someone else. One way many deal with portfolio management is to have a 401K that requires very little input from them. When choosing someone to handle your portfolio management, you should find someone who will listen to you and take your calls, and also someone who has a reasonable fee. See also: Finance and Financing and Finances personnelles (in French)