You are ready to invest. There are so many questions that should be answered before you open an account or work with an advisor. Make sure you take the time to review the investment policy statement (IPS). An IPS will allow you to hold each other accountable.
The key to building wealth is to make decisions based on complete and accurate information.
As someone who has worked on Wall Street for 30+ years, the answer for individual investors is yes. The individual investor is at an informational disadvantage. There is a reason Wall Street and successful fund managers have technology and data budgets in the tens of millions of dollars and pay their portfolio managers, security analysts, and programmers hundreds of thousands of dollars each year. The gargantuan amount of information available through exchange tick data, news sources, social media, access to senior management, and financial statements is critical to making successful investment decisions. Professional investors using state of the art technology …
As a financial planner, I have strong convictions when it comes to my investment philosophy. I want my clients to invest in a way that is consistent with their risk tolerance and time horizons in a cost-effective manner. Ultimately, success is measured not by how much you earn but how much you keep.
