Any suggestions for Financial Advisors?

I am using the Financial Advisor at my Chase Bank. I was told that Charles Schwaab is worth looking into to change to - I would appreciate any helpful advise as to what I should be looking for in a financial advisor and what kind of fees do they charge? Is Fidelity Investments any better? I live in the NYC metro area. Thanks.

Look for a financial advisor that will take the time to teach you about investing whenever you ask a question. Also, a financial advisor shouldn't sell worthless stuff to you. If he or she is pushy, agressive or just plan rude to you, go somewhere else.

The most important thing when I choose a financial advisor is that I learn something from him when I have questions.

Most financial advisors are scam artists. I had a friend that used one in December and is now down over 20%. I recommend diversification into things are LT bullish for the current economic climate. Don't change your diversification unless that thing is in "bear market" territory.

Currently, all of major indexes are in a "bear market" and could be for a long-time. The Fed is going to continue to drop interest rates just like Japan did in the 1990s. If the US market is anything like the Nikkei, the US market is the WORST place to be a buy-and-hold investor. Let's say you started working in Japan in 1989 and added $5000 to your 401K every year... you would still be underwater 18 years later!! That is a taste of what is to come for the U.S. The US market and brokerage firms have "conditioned" the American investor to be buy-and-holders ever since witnessing the best bull market in US history (1980s-current). That is now changing!!

The places you want to be is gold, silver, agriculture, alternative energy, oil, commodities, etc. If you can short the market using an inverse fund (Rydex or Profund), you can probably do very well there too.

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The following two problems is what is driving commodity prices through the roof:

NAFTA is Problem #1. When US companies create and move jobs overseas, they create a larger middle class globally. Now that there is a larger middle class globally, we are all competing for the same commodities.

BioFuels is Problem #2. Our farmers are now putting less food on our tables so that we can be more energy independent. This is causing SOARING food prices.

Because of the FED and the WAR, that has exacerbated #1 and #2. When the Fed lowers interest rates, the dollar drops and all those middle class people that we've created overseas can buy our commodities much cheaper. The war has increased our deficits so much that other countries no longer want US dollars.