how do cd investments work
Should I trust the investment broker at my bank?
I have decided to switch my CDs over to mutual funds. My bank has set me up with a broker that works for the investment side of the bank. To me, he seems like a salesman. I dont know much about stocks, etc. How much should I trust this type of broker with my life savings? Do these guys really know what theyre talking about? Do they take their jobs seriously or do they just try to sign up as many customers as possible? He seems to listen to my needs pretty attentively, but I cant tell if its an act because he wants my account.
Usually these guys genuinely care about their customers…there are some who only care about their sales quotas. It is going to be that way any investment firm you go to. Shop around some, find someone you are comfortable, but I will suggest that you find someone you don’t have to pay an annual fee to go to…it is ridiculus to pay someone to manage your money, they get a big cut from the investment companies they sell your investment to. There are some out there that charge large fees (Amex investments) and your bank probably doesn’t.
Personal Finance & Real Estate : How Do Certificates of Deposit Work?
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