The one thing you never want to do with your money is keep quiet when you have questions. It’s one area in your life that’s too important to leave in silence.
Too often, I’ve spoken with friends who have investment accounts, but they don’t actually know how their investments work, or even what they’re invested in. And it’s clear they are very interested in learning, but they’re simply too embarrassed to ask questions. They worry about appearing uninformed.
Your financial health is simply too important. You should have lots of questions. If this was about medical health, most people would never hesitate to ask questions. Why would your financial health be any less important?
If I’m at the doctor and they tell me I’m going to need treatment or surgery, I’m going to ask a ton of questions. I’d want to know everything there is to know about an illness and I’d expect my doctor to be able to answer my questions in clear, understandable terms.
The same should be true when it comes to your finances. If you’re about to entrust your hard earned dollars – your financial health – to someone to manage for you, you’d want to know everything there is to know about how the investment works. You’d want to know what to expect in terms of risks; what to expect in terms of potential returns; and of course, you’d want to know about fees. You’d be full of questions.
So when it comes to your financial health, there’s no such thing as a “dumb” or “embarrassing” question. Quite the opposite – it would be irresponsible NOT to ask important questions.
The information on this page is provided for educational purposes only and is not tax, legal, financial planning or investment advice. Neither the information nor any opinion expressed in this section constitutes an offer to buy or sell any securities or advisory products. The information provided is general and is not information reasonably sufficient upon which to base an investment decision and should not be considered a recommendation to purchase or sell any particular security. You should not regard this information as a substitute for the exercise of your own judgment. Investing involves risk.