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Added on the 04/01/2021 16:00:05 - Copyright : Wochit
Zoe Financial CEO Andres Garcia-Amaya interviewed 1,325 financial advisors, planners, and accountants in the process of starting the company. And according to Business Insider, he learned to spot five red flags to look for when considering engaging a personal financial adviser. First, Garcia-Amaya warns you should watch out for anyone overly focused on short-term gains. After all, most people use advisers for help with long-range goals. Next, if an adviser immediately starts pushing you towards just one particular financial instrument, such as an annuity, on the first meeting be concerned. Also, are they bragging about how many clients they have, or trying to convince you they can beat the market? Next! Finally, just search the SEC's website for the adviser's name. That will reveal any bankruptcies they have or complaints made against them.
By the time president-elect Joe Biden takes office in January, it's likely the COVID-19 crisis in the US will be even worse. Biden has already warned of a 'dark winter.' According to Business Insider, Biden made his plan to handle the pandemic back in March, and it hasn't changed much since then. First off? Testing--widely available, and completely free for all Americans. Next up: masks and lockdowns Biden says he'll work closely with governors to organize mask mandates, tailored to hot spots of disease outbreaks. After that, it'll be mending fences. Biden plans to restore the authority of the CDC and rejoin the World Health Organization. Additionally, there will be more PPE for front-line and essential workers, free COVID-19 treatment and vaccines for all Americans, and 100,000 more contact tracers.
US Secretary of State Antony Blinken renewes US opposition to an Israeli offensive on Gaza's southernmost city of Rafah, ahead of his trip to Israel. SOUNDBITE
China says it "poses no threat" to any country, after Australia's first National Defence Strategy signalled a new focus on deterring Beijing's "coercive tactics". "China poses no threat to any country," foreign ministry spokesman Lin Jian says in a briefing, urging Canberra to "refrain from making accusations against China at every turn". SOUNDBITE