From: "Elle" 
Newsgroups: misc.invest.financial-plan
Subject: Re: Pitfalls to avoid when chosing a financial advisor/planner
Date: Mon, 9 Apr 2007 13:09:19 -0500
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"mscsrrr.com"  wrote
> I have a large sum of money coming my way which I plan to 
> use  to
> invest in different securities and industries.
>
> I believe I will need a financial planner or advisor to 
> help me.
>
> What are the pitfalls to avoid in chosing one?

I think you can avoid some pitfalls by preparing carefully 
for your meeting/interview of the potential advisor. Know 
something about asset allocation; e.g. try the online links 
to quick and free asset allocation tools listed at 
http://home.earthlink.net/~elle_navorski/id8.html . Know 
something about the historical returns of the stock market, 
short (very risky!) and long (historically speaking, not 
risky); know what it means to own a stock. Always understand 
that the only stupid question is an unasked one (assuming 
you put a little effort into answering the question yourself 
first via tools like google). Stow this money in a money 
market account yielding upwards of 4.5% right now. Then lurk 
here for six months.