New Year - New Investment Resolutions

The two biggest mistakes investors make are:

Wrong investment allocations
Wrong financial advisors

And these two are often directly related. In fact, if you employ the wrong financial/investment advisor you almost certainly suffer with the wrong portfolio allocations.

The right financial advisor for you is the one you trust. The right advisor listens and crafts a plan to meet your specific goals. The right advisor communicates with you well and often. The right advisor is flexible enough to make course adjustments during your journey. If you have the right advisor, it is very likely you have the right (or nearly right) allocations.

It's not enough to just have lots of baskets for your eggs - they must be the right baskets - and you must put the right eggs in the right baskets - and you must balance out the baskets to keep on an even keel. Fortunately, with today's available research and technology a good advisor can do all of this for you and more. If you are a do it yourselfer (bless you!) there are a number of excellent on-line resources to help you get the same investment advantages - you just have to do all the work yourself - and hope you got it right!

If you need help with your allocation or a check up on your current advisor - let me know.