I just came out of a meeting with my financial advisor. You see, I have a little nest egg kicking around and it is not making enough interest in the bank - so I thought I should check out what would be good options for my money.
There were a few questions and questionnaires to answer before my financial advisor would give me any advice. He needed to know what my investment knowledge was as well as my risk tolerance.
Once that was out of the way, he told me that Index Funds would be a good choice for me. Not only would they give me exposure to a broad market, but they wouldn’t put me at the same risk as an ETF (exchange traded funds).
I asked whether or not they had any funds that would be considered to be socially responsible investing options. Unfortunately, their firm didn’t deal with those types of funds.
I told him that I would have to think on it, and give him an answer on what I decided after the weekend. I sure have a lot to think about.
