Are today’s headlines distracting to investment decisions and insignificant to long-term investment results? Looking back on headlines of old, it seems to be true.
Select your selling team with care including investment bankers, attorneys, wealth managers, business brokers, and accountants. They advise looking for competency, experience, reputation, chemistry, and availability in your advisors. A list of advisors to choose from are listed in the appendices.
I have never come across any textbook on wealth creation, money management and Wealth Manager. Have you ever asked yourself why your teachers in school did not teach you on how to make more money?
I talked with Clyde and his wife, Claudette, recently. In fact, Clyde brought his son to one of my popular financial seminars so he could learn to avoid the mistakes his father had made.
When many of my clients first met with me they were in average performing investments. By spreading their nest egg among several different investment baskets we reduced their overall risk. Then by focusing on each individual investment and searching far and wide for those that had consistently performed at the head of the class we were able to improve their return. The result is that they will be able to reach their dreams sooner than they otherwise would have.
First, these investors were being asked to invest a substantial portion of their nest egg into a single type of product. This is the first red-flag. Never, ever, put all or even half of your eggs into one investment basket.
What is the adviser’s fiduciary responsible? This is important because Registered Investment Advisors (RIA) have a fiduciary responsibility to give you the best advice options for your situation, not just options that are suitable.
As a smart investor you can have a re-look at your portfolio and shun the non performing assets for better bargains. There are a heap of certified financial planners available to you too. You can thus, take out the weeds in your investments and plant fresh saplings with a promise.