So far in the Challenge we’ve looked at where you are financially; financial planning; you’ve set some goals (how’s your bucket list going?); seen some common types of investing and strategies and your options for getting advice; and worked out how to choose registered financial advisers.
Well done you if you’ve done your reading and are now clearer on your next investing step! If not, or you’ve just joined us, a bit of speed reading and reflection – you’ll catch up!
We saw how financial planners and advisers who give individualised advice are strictly regulated. But the many others are left largely to their own devices, unless they’ve given “investment advice” or broken contractual or other consumer protection laws eg false, misleading, deceptive conduct and advertising.
Who are the experts?
Like all professions and industries, finance and investing have their specialists, experts and ‘go to’ people. And there are thousands (if not millions) of ‘experts’, self – made millionaires (there’s even a ‘thrillionaire’!), mentors, coaches, and gurus – in wealth creation, business, share and property investing and more.
You can easily waste a lot of your precious investing time (and money!) reading, researching and subscribing to financial information, education and products that either don’t ‘fit’ with you or don’t deliver on their claims.
Do your research – they say!?
How and where do you find your investing ‘go to’ person, expert or area of investing? Your bookshelf or hard drive (now cloud!) might already be overflowing with research on numerous authors on numerous financial, business and investing topics – but why haven’t you done any investing (or read and applied them all)?!
Professional help or do it yourself investing?
If you have, or want to use, a registered financial planner you know from Day 10 how to choose one, research – done! Just go see them.
But whether or not you use a financial planner, want do it yourself, or are still trying to work out where to start, here’s some help finding what’s available to you:
Links and details in the Big Directory List 1: Resources and Giveaways
- Media – TV/Internet/Newspapers
- Books/ Magazines – Educated Investor, Mag Shop and Major Street Publishing – sell thousands!
- E-books/reports/blueprints/newsletters/ updates/subscriptions/memberships /podcasts and webinars
Remember – you don’t get nothing for nothing! Every time you enter your personal details your data is used in some way (whether it’s Facebook, or any other site). Mostly your email address is used so that campaigns and often advertising can be sent to you.
A very popular way of doing this is to (Hari Krishna/marketing 101 style!) give you a FREE PRODUCT (eg BiG’s Free Investing Guide!).
Often you will get something worthwhile, sometimes not!
Either way, you’re sure to get a full inbox!
- Websites (there are millions! Check out Analysts and Commentators and the Gurus in each BiGBook)
- Blogs (there are millions! Check out Analysts and Commentators and the Gurus in each BiGBook)
Here’s one to get you started: MacroBusinessSuperblog “Is Australia’s leading business and investment blog. Its mission is to bridge the gulf between the Australian business media and reality.”
to get you started …
Financial Planning Association of Australia Ask an Expert [Now closed, but questions and answers still on site]
Investing generally – investEd
Flying Solo “Australia’s largest online business community. “
Surely that’s plenty to give you some investing ideas!? All ready for tomorrow when we look at the less regulated investing advisers, analysts, commentators and gurus.
Day 12 “How to choose a financial adviser and advice you can trust. It’s all about the faith! Part 4 Less Regulated Advisers – Analysts, Commentators and Gurus”
I’d be delighted if you find BiG and my work helpful, and share it with friends, family and others interested in investing. All the very best with yours!
the Bucket List Investing Chick