Have you truly determined the future purpose and use for your wealth/assets?
- Prioritizing what is important to you is crucial when constructing an investment portfolio or financial plan
- Build a strategy to stand the test of time and help you achieve your goals
- Don’t just rely on products. Have a well thought out and executed strategy
What kind of investment philosophy and market belief do you have? If any?
- Do you think the market is predictable? Or is it random?
- Make sure your investment portfolio aligns with your belief
Do you know what you are paying to have your money managed?
- Costs and fees can have a direct impact on your portfolio
- Don’t be afraid to ask how much you are paying
- Understand the difference between disclosed fees
and undisclosed fees
Do you know what your money is invested in and why it is allocated that way?
- Make sure your allocation of funds matches up with your risk tolerance
- Make sure you understand HOW you own the market
- Look to add strategies to enhance diversification and potentially
reduce risk - Have clearly defined risk parameters for your portfolio and
monitor regularly
Do you know how your investments are really doing?
- Set clearly defined benchmarks to determine the success or failure of your plan
- Don’t just measure success or failure against the stock market
- Time tested, prudent strategies will help you achieve long term
financial goals