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In Reply to: investing in mutual funds/other investments with Primerica posted by k.t.n. on May 16, 2001 at 12:33:18:
There are many ways to go about doing this. First, you could seek out a discount broker. This will put more of the responsibility on you but it will be the most cost effctive. Second, you could purchase directly from the company and avoid all the commissions altogether. Third, go with a full service broker who charges fees to manage your money annually and sometimes to conduct transactions. Or fourth, seek out a financial representative. They can conduct the trade and offer financial advice for less than a stockbroker. However, they're not as knowledgable as a stockbroker, but can provide you with a better overall plan and match up investments to your personality and risk perference.
You have to decide what you want, service or lowest commissions? Do you want the responsibility or do you want someone managing it? If you are lacking in some financial areas, such as insurance, retirement planning, etc, I would go to the representative. They will be able to integrate the whole plan for you and help you attain your goals while offering advice in the other areas.
Until next time...