Happiness is all about expectations met or unmet. There have been so many articles written about how to discuss fees with your wealth manager or financial advisor, but very few that talk about the mutual responsibility between the advisor and the client about how to measure performance of your investment portfolio. This is an important discussion because whether you are managing your money yourself or you turn it over to a professional, the question is do you know how to measure the performance of your portfolio? In 2008, when the S & P 500 had a -37% return, if your portfolio achieved a return of -35% because you were using the S & P 500 as a benchmark would you have been happy? Conversely, in 2013 when the S & P 500 had a 32.39% return, would you have been happy if you and your advisor agreed that 6% return was the absolute return that was agreed on with you ...
Read More →How Do You Know If Your Portfolio Is Doing Well
May 26, 2018
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Gen X & Y Financial Advice
Tagged Financial Advice, financial advice to the X and Y Generation, Financial Decisions, Gen X & Y Financial Advice, How Do You Know If Your Portfolio Is Doing Well, how to measure performance of your investment portfolio, managing your money yourself, oXYGen Financial, Ted Jenkin, The Absolute Approach, The Relative or Benchmark, wealth manager or financial advisor, your smart money moves
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