Investment advice should be evaluated carefully before any action is taken.

Investment advice can come at you from a thousand different directions. It seems that everyone is now an expert and there is always someone willing to share his or her "can't miss" investment advice or investment analysis … for a price. Do a search for "investment advice" on Google and you will get over 5 million results.

Unless you are a financial expert you will probably be considering investment advice from an individual, a company or a service at some point. Deciding who is providing legitimate and reliable investment advice is absolutely critical. For most of us, the money that we use for investing does not come easy and we want it invested in a responsible manner. Choosing a financial advisor should be a formal and careful process.

Make sure you do your homework when evaluating financial advisors. You should do some research that helps you establish some broad investment goals. This will help you to develop specific questions that you can ask potential advisors to determine if their investment advice is compatible with your investment goals.

It will be in your best interest to understand exactly how the financial advisor intends to manage your account. You should feel comfortable that your account will be a priority. You should also seek assurance that there will be no conflicts of interest when recommendations are made.

Of course, a successful track record is reassuring. We have done research to determine some of the most effective investment advice resources. Value Line is considered a premier source for investment research and has received the praises of Warren Buffet. We will also present any investment analysis and other tools that we feel will help you to make intelligent investment decisions.

Recommended for Investment Advice

Value Line - Why does Warren Buffett rely on Value Line? Value Line has outperformed the DOW by 15 to 1 over a 35-year span that covers bull and bear markets. Click here to sign up for ValueLine Investment Survey's 16 week Trial. TradingSolutions - Financial analysis and investment advice software that combines technical analysis with neural network and genetic algorithms.

Dow Theory Forecasts - Since 1946 has been devoted to achieving superior returns by recommending market-beating stocks that do not involve undue risk. The weekly newsletter holds one of the nation's oldest and most respected investment performance records.