A new article lists the pro’s and con’s of paying for financial advice.
As a good rule of thump do your own research also. Its your money, be proactive with your financial decisions. Remember no one is going to care as much about your future as you do.
Thousands of Australians have been piling money into superannuation to take advantage of tax changes announced in the Federal Budget, and before doing so, many have turned to financial planners for advice.
But how objective is that advice? ......Now you might think a licensed planner would be bound by law and honour to give the best possible advice, but that is not the case. Many financial planners are better described as salesmen, and their advice can be tainted by commissions planners get for convincing you to put your money in a certain scheme.
http://www.abc.com.au/news/stories/2007/07/17/1981106.htm?section=business
There are hundreds of sites with free funds and superannuation information. The YourShare site lists some here, www.yourshare.com.au/free_managed_fund_research.php Have fun building your future.


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