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Tips for Managing an Online Reputation as a Financial Advisor
As a financial advisor, your reputation is critical. It’s your reputation that will build confidence in your current clients while also helping you attract new clients. From the results that you’re able to provide to the customer service that you offer each client, every bit of the services that you offer is going to play a part in what people…
Tips for Young Financial Advisors
As a young, passionate individual, it’s exciting to get hired in your industry. The financial advising industry is a big, competitive world, and when you’re given the opportunity to be a part of a financial advisory practice, it’s incredibly exciting. The reality, however, is that there are going to be some challenges that you come across as a fresh addition…
How Technology Has Changed the Financial Advisory World for the Better
Advances in technology have certainly changed industries, and the financial advisory industry is one of the many. While you’ll definitely come across people that might feel these changes have altered the industry for the worse, a majority would agree that technology has changed the financial advisory industry for the better. If you’re new to the industry, it may be difficult…
Most Common Reasons Clients Fire Financial Advisors
To be a successful financial advisor, you need clients; without them, it’s impossible to make an income or maintain your job. Unfortunately, just as with any other industry, clients call the shots, and there are a handful of reasons that they’re likely to fire a financial advisor. While the umbrella reason that a financial advisor will be fired is because…
Building Your Client Base as a Financial Advisor
Being a financial advisor is a tough job, but it’s all the more challenging when you don’t have a sound client base. For many advisors, a constant goal that they’re working towards is a larger, more secure client base. In today’s blog, we are going to touch on a few of the things that you should focus on to, in…
Ways Traders Can Improve Trading Discipline
Discipline. It is something every trader wishes to improve, heck, maybe it even made it on the ‘New Year’s Resolutions for Trading’ list. Undoubtedly, discipline is one of the most essential trait traders need to increase their chances of success. A lack of discipline is one of the leading cause of trading mistakes — such as making impulsive decisions, violating…
Mitigating Risk With Position Sizing Trading
Whether you are dealing with trading systems and trading strategies, market analysis, or the holy grail of market indicators, the amount of information surrounding futures and forex trading available to traders is impassable. However, there is one topic that is often overlooked by traders that could potentially result in better risk mitigation and higher profits. Of course, we are talking…
The Reason Why Traders Earn Below-Average Returns
According to a 2017 study conducted by Dalbar Inc., a company that studies the behavior of traders and investors and evaluates investor market returns, data consistently show that the average investor earns returns that are below-average. The S&P 500 Index averaged 9.85 percent a year, for twenty years, which ended on December 31, 2015. Indeed, this is a significant historical…
New Year’s Resolutions For Traders and Their Portfolios
The New Year seems to always bring great hope for change and self-improvement. For financial traders and investors, the New Year is also a time for critical self-reflection. It presents the opportunity to close out a year, log or annual return, and begin a fresh start. Undoubtedly, if you haven’t already, taking the time to establish some New Year’s resolution…
How to Gain A Competitive Edge Over Major Indexes in Stock Trading
Trading stocks can be a very competitive endeavor to get into. Large corporations, hedge funds, and other professional financial managers have long held a distinct advantage over the average trader by utilizing proprietary complex financial analysis algorithms coupled with mainframe computers and streaming market data to achieve investment results that are far superior to the “diversify and rebalance” strategies they…
