Not too long ago we witnessed financial tragedy - the stock market plummeted, thousands of people lost their homes, and big banks needed a bailout. There was a lot of finger pointing. People who lost their money blamed their banker or stock broker while people who lost their homes blamed their real estate agent/mortgage broker.

As all of this was going on, I realized that there was a big lesson to be learned. You have to be careful who you do business with. At the same time, you have to take responsibility for your own actions. Over at my other blog, Fully Stocked, I talked about how all of it was just a big wakeup call.

I haven’t been keeping up with the financial markets lately, but what I do know is that if I’m going to be doing any business with a bank, mortgage broker, or stock broker, they will have to jump through hoops and then some to gain my trust.

After what happened, I do wonder how many people are still quick to hand over their money to someone they just met.

I think it’s important for people to do their research, whether it’s doing business with any type of broker, banker, or even participating in online stock investing like I do. If you are going to invest in stocks, make sure to read up on stocks FAQ.   Most of all, set your service standards high. 

What are your thoughts about doing business with finance experts?