Your behavior is the most important factor for investment success. Even if you do manage to pick the best performing investments, (which is something professional mutual fund managers can't even do consistently as shown here) panicking out of those investments during a downturn will likely cause permanent damage to your finances. Here are a few tips to help you avoid behavioral mistakes and survive whatever the market sends your way. Tip 1: Reassess your risk tolerance. Using a … [Read more...]
Questions to Ask When Interviewing a Financial Advisor
I've had a lot of first-hand experience with the work and business practices of other financial advisors over the past 15+ years. This has come not only from my experience working with other firms, but also from providing second opinions on each new Client’s previous financial plan. Seeing the good, the bad, and the ugly that exists in this industry has given me a very clear idea of how I would go about finding an advisor. You can find an extensive list of questions to ask a potential advisor … [Read more...]