Do you remember the commercials where the real estate agent tells a worrisome buyer, 'Don't worry. You can do this.' These commercials were running at the peak of the real estate boom when sub-prime loans were letting people buy houses that they really couldn't afford. And the real estate agents were right there helping. Why? Because they got a larger commission check when people bought the larger house. When the boom was over, and the real estate bust started, agents profited again by reselling the same house. Could it be that the real estate BUSINESS was looking out for their own interest?

Today I'm hearing commercials for a mutual fund; saying 'Take your money out of the market and we'll guarantee 18% for your 1st year!' WAIT A MINUTE! How does putting my money in their mutual fund, get it OUT of the market? Simple, they're giving you 18% like a savings account. Regardless of what the market does, you'll get 18%. But since they are a mutual fund; they are free to invest your money on the market. They think that they can do better than 18% ... and if they do ... ALL of the extra goes directly into THEIR POCKET. If they can get 50% (and they probably can), they'll be kind enough to give you the 18%, and keep the extra 32% for themselves. They're using the public's fears of the market going down, to buy some extra profits for themselves. Could it be that this mutual fund is looking out for it's own interest?

If you're wondering how they can do better than 18%; you better start paying attention to our economy and some investment vehicles. Gold is up more than 18% and silver ... silver is up about 60% in the last year. Now, 18% doesn't sound so good ... and it's not.

Sometimes free advice is worth exactly what you pay for it. Nothing. (Yes, this very bulletin is free advice.) OH! WAIT! Those commercials were free advice also! So who are you going to believe? The company who stands to profit from your business with them? Or your friends and relatives who don't have 2 extra dimes? Well, as it turns out, they're both worth listening to. Financially poor friends and relatives can tell you exactly how to lose money. (what to avoid) Companies usually want to give you just enough to make you happy. (and keep the rest) HOWEVER, companies usually also have some kind of disclaimer saying they're not responsible for any financial lose either.

So here we are right back at the beginning. Who should you believe? Believe anyone who has, repeatedly, made lots of money, and is willing to teach you, and, companies who are in the business of teaching. All other companies generally don't teach, and you should ask what they lose when you lose. If their answer is 'Your business.' I would take everything they say with a bucket of salt.

The real trick is to shop around. Don't just blindly believe the first person you talk with. Talk with several people from several different companies before making any investment. Let them know that you've talked with others. Ask how their investment is better than the ABCXYZ fund with XYZABC company? If it's not, ask why you should go with them instead of ABCXYZ. Make sure their answer isn't because they don't get a commission from ABCXYZ. If you want an interesting response; ask the if they know of an investment that they can't LEGALLY or ETHICALLY tell you about because of the business they are in. Sometimes they'll know of better investments; but can't say anything because of a 'conflict of interests'. If this ends up being the case; offer to buy their dinner at a restaurant off company property. When they are not actively engaged in company business, as 2 people getting together for dinner, they may feel like telling you about that better investment.

It'll take some work and time; but you'll learn where to invest your money for the best return. Think of it as a part time job. A part time job that could end up paying better than your current full time job. Shop around and enjoy the learning process.

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