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Qualified advisors?

Tuesday, December 19th, 2006

If you’re still not comfortable with the idea of looking for information, and prefer to go with someone who dispenses advice, you need to be careful. There is no way to evaluate an advisor’s capability upfront; and you don’t want to learn from bitter experience that he or she wasn’t really good.

One important thing to remember is that there aren’t any qualifications that are relevant to being a good stock investment advisor. Your CPA for instance, has to be good at taxes and accounting; but that doesn’t mean the expertise translates to good stock picking skills. So if you do come across someone who claims to have a qualification, watch out!

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