I watched 5 minutes on a channel that was discussing Financial Advisors. An interesting suggestion came up – one of the panelists said an advisor should get say 20% of the profits and about 10-15% of the losses in a clients portfolio. Brilliant advise. If you do not know what a portfolio manager does and […]
Media loves to bash the financial advisors. The main accusations about FAs are – they sell products which the clients do not need, they sell products which have the highest commissions, they do not know all that they should know….etc. Let me now bat for the FA. A good FA should be well qualified (let […]
An asset should bring you money. If this is the definition of an asset – your golf kit, your gold jewellery, your Mercedes, the house in which you live, – normally what people consider assets suddenly look like ‘expense’ rather than an asset! Every cheque that you sign is either an expenditure or the purchase […]
Invest in an index fund – they will outperfrom the active fund managers by a mile. This is quite a normal advise by many financial advisors – especially those who charge a fee for advising rather than a commission. Of course indexing has its advantages – one of the most important being you are not […]
This is a joke on financial advisors. A rich man changed his advisor and was not to happy. While at a club, his friend asked him – hey how is your new advisor. The rich man said “Oh! he is good. After shifting to him, I sleep like a baby. I cry every hour!! 🙂
Are Doctors different when it comes to investing? We do think the answer is a resounding yes! Doctors are different when it comes to investing. Their incomes are higher, more stable, more secure and last longer than any other occupational class. This includes dentists who, despite having higher incomes, may have shorter working lives. As […]
Do you want to know the real secret to successful investing? It’s a deceptively simple little thing called an investment policy statement, or IPS. An IPS spells out an investor’s investment philosophy, asset-allocation targets, and expected results. It also lays out a plan for how the investor will monitor his or her portfolio. We will […]