Find an investment professional you trust
While plenty of people invest their own money, there are definite benefits to working with a financial professional. First and foremost, they know more than you. Unless you've also gone through the training and experience required to become a certified financial planner, in which case, congrats! So here are some things to look for when choosing someone to work with.
One, is the financial adviser paid through commissions or are they fee-only? That is, do they get a commission when they invest your money in certain mutual funds? Sounds like that could be a conflict of interest, so ask them how they get paid. Many fee-only advisers take a flat monthly fee. Second, are they a certified financial planner? Working with someone who has a "baseline in terms of education and training" is a good idea. And lastly, are they a good fit for you personality-wise? "You should work with someone who you feel comfortable with sharing intimate details of your financial life with," Bera says.