Investments or You: Which Does Your Adviser Focus On?
Every investor wants to see their money grow – it’s a given. So, if growth is already the assumption when it comes to saving and investing, what describes the goal you have for your money?
As you build wealth, it is important to know why you’re building the wealth, not just learning about what investment to add to your portfolio. This may sound like common sense, but I wouldn’t be spending my time writing this article if it weren’t a common problem.
Many Advisers Commit Investment ‘Malpractice’
Discussing investment options without first having a strategic plan in place is like asking for a prescription without a diagnosis. I see a lot of “malpractice” (yes, pun intended) when it comes to investing, just as it would be if your doctor offered a prescription before establishing a diagnosis.
I was meeting with a doctor the
