Higher returns seem the most important financial issue when choosing an investment, but pale in comparison to the reality of loss when your investment does not perform as expected. What can be done to minimize the risk loss?
Of course there are some financial strategies you can use such as diversification, dollar cost averaging and buying at a discount using a value manager. One strategy that is commonly overlooked, because it just seems obvious, is knowing what you own.
When was the last time you reviewed what the top 10 holdings in your portfolio? How is your manager buying these holdings? How are you doing in comparison to others? Are you comfortable with the strategy you are using?
Check out this excerpt from Mackenzie Financial Insight Magazine below ...
Plan for Financial SUCCESS !