Some of the most beneficial advice to many investors is know how to avoid bad investments. Many investors can bypass bad investments by knowing what to look for. These are five tools that can help you make the right decisions and avoid making bad investments in the marketplace.
Avoid huge investments with surrender charges
Surrender charges limit an investor’s flexibility. Investment examples that have surrender charges are broker sold annuities and B share mutual funds. The older an investors gets the more flexibility you may need. A bad investment is one that will lock an investor in for very long periods of time with a high surrender fee.
Some situations investors may find themselves in that can cause issues when you… » Read more