Broker Check
If you want the right answers.....

If you want the right answers.....

July 27, 2017

There's an old saying that "If you want the right answers, you must first ask the right questions."

Two often, I see people seeking the solution without asking the questions required to get there.

Here are 20 Must Answer Questions for Your Journey Toward Investing*

1.      Have you discovered your True Purpose for Money™, that which is more important than money itself?

2.      Are you invested in the market?

3.      Do you know how markets work?

4.      Have you defined your investment philosophy?

5.      Have you identified your personal risk tolerance?

6.      Do you know how to measure diversification in your portfolio?

7.      Do you consistently and predictably achieve market returns?

8.      Have you measured the total amount of commissions and costs in your portfolio?

9.      Do you know where you fall on the Markowitz Efficient Frontier?

10.  When it comes to building your investment portfolio, do you know exactly what you are doing and why?

11.  Are you working with a financial coach versus a financial planner?

12.  Do you have a customized lifelong game plan to guide all your investing and spending decisions?

13.  Do you have a personal investment policy statement?

14.  Have you devised a clear-cut method for measuring the success or failure of your portfolio?

15.  Do you fully understand the implications and applications of diversification in your portfolio?

16.  Do you have a system to measure portfolio volatility?

17.  Are you aware of the costs associated with purchasing commission based products?

18.  Do you know the three warning signs that you may be speculating with your money versus prudently investing it?

19.  Can you identify the cultural messages and personal mind-sets about money that destroy your investing peace of mind?

20.  Are you ready to shift your personal experience of money and investing from a scarcity mode to an abundance mode – where you can live your life rather than obsess about your assets?

When you have achieved the ability to answer “Yes” to all these questions,
 you will be on your way to a higher level of financial confidence.

If you need help in answering, don't be surprised. Wall Street does a poor job of educating investors. Call me if you would like more info on how to get the answers to these questions.

*20 Must Answer Questions used with permission from Matson Money, a Registered Investment Advisor.