Daily Investment Tips

The key to selecting a good financial advisor or financial planner around Las Vegas area is to go by the reviews and recommendation of others. People who have used the services of a certain financial advisor are likely to give you an honest opinion.

There are several places online where Las Vegas financial advisors / Las Vegas financial planners are reviewed.

Barron Ranking of Las Vegas Financial Advisors.

Barron has an annual ranking of top financial advisors. The following las vegas financial advisors were ranked in top 5 among top Nevada Financial advisors.

1 Randy Garcia of The Investment Counsel Company

2 Brian Buckley of Morgan Stanley Smith Barney

3 Deborah Danielson Danielson Financial

Another place to find Las Vegas Financial Advisors / Las Vegas Financial planners is at Yelp. The good thing about Yelp is that the site is reviewed by users like you.Some of financial advisor from Las Vegas at Yelp Financial Services are:

Leornard Bensons Company

Hiey Insurance Agency.

Another online resource for Las Vegas financial advisors is the Yellow pages. Although these are purely Ads, the one advantage is that they have a large resource of listed Las Vegas financial advisors and Financial planners. See Yellow Pages

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Most financial planners run computer programs called Monte Carlo simulations to judge the probability of portfolio returns under various scenarios.

According to Wikipedia article

Monte Carlo methods are used in finance and mathematical finance to value and analyze (complex) instruments, portfolios and investments by simulating the various sources of uncertainty affecting their value, and then determining their average value over the range of resultant outcomes

Monte Carlo Methods are used for personal financial planning. For instance, by simulating the overall market, the chances of a 401(k) allowing for retirement on a target income can be calculated. As appropriate, the worker in question can then take greater risks with the retirement portfolio or start saving more money.

The following video makes a demonstration of Monte Carlo Simulation: -

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Gold is hot at the moment. Gold is up a whooping 84% in the last 3 years. The gold investors who so it coming have made some serious money.

There are many reasons as to why gold has risen this high, one is the idea that gold is a safe haven. There is belief that the bailouts of the last 2 years will lead to inflation which causes devaluation of currencies and the only protection against all this is gold.

The idea gold is a safe investment goes back to medieval times. A safe investment means you cant lose your money. But the truth is you can lose your money in gold. What is needed is a change in sentiment and people who bought gold start taking their profit. The gold price trend will be in a reverse gear.

Risks of Investing in Gold

In a Business week interview Susan C. Elser, of Elser Financial Planning Indianapolis gave a good detailed analysis on the risk of gold investment,

Unlike other commodities, gold has few industrial uses. Unlike businesses owned through the stock market, gold earns no profits and doesn’t pay out dividends. Unlike bonds, no one pays interest to holders of gold. And, unlike insured bank deposits, there is no guarantee of your principal investment.

“There is no downside protection on investing in gold,” Elser says.

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