DO YOU HAVE A WRITTEN FINANCIAL PLAN?
Joe Soto here! I've met different types of clients, who have had both a positive and a negative experience investing. 

What happens is when individuals need help and they go to a major firm, oftentimes they find a salesperson, and what ends ups getting bad prescription. And then come to me and say “Joe, I thought I had a conservative account and the bottom blew out, I'm confused, can you help me?” 


So when you walk into Wall Street, do not expect Wall Street to do a diagnostic test on you to look out for your wellbeing.

Question: “Do you currently have a written financial plan? Do you know how much risk you're taking for the return that you’re getting?”


Think of this; “Would you hire a c.p.a. whose job was to make more money for the i.r.s?” In other to be safe:


Demand a written financial plan- have it somewhere in your volt or your will, your state planning documents, your POA. Make sure that it's accessible for you and your family. 


Make sure that the advisor that you’re working with a fiduciary adviser. 


Knowledge is power, but it only converts into actual power if you take action. You have to know how to ask the right questions.


If you follow those 2 tips that I gave you today, you will be in a position where you are going to use Wall Street and you won't allow Wall Street to use you.

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