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Later on, professional interests and consulting took me into the areas of insurance and investments. As I expanded my research, my friends and relatives began to ask me to read the statements they got from their brokers and investment companies. Then I was astounded to find that they had been sold inappropriate investments!
At first, I thought it was just bad luck -- that they had happened on a broker, or adviser, or financial planner, who got them into the wrong assets.
It has now happened enough times that I have come to believe that many new investors are getting bad advice. Oh, it's not that they're getting defrauded -- it's just that they're settling for lower returns and greater risks than they have to.
And why did this happen? Too often, because they sat around waiting for investment ideas to come to them. The ideas came in the form of a "cold call" from someone with an asset to sell -- and a commission to collect.
The best investment ideas won't seek you out. You have to seek them out. The good news is that the best investment ideas are quite simple.
If you're a new investor, I encourage you to read through the information on this site before committing any money. And don't trust anyone who pressures you to invest before you're good and ready.