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The 20 Must-Answer Questions for Investors' Peace of Mind
Do you have true peace of mind with your investments? Answer these questions below to find out. You may also download a printable version.
- What is the true purpose for your money, that which is more important to you than the money itself?
- Are you invested in the market?
- Do you know how the market works?
- Have you defined your investment philosophy?
- Have you identified your personal risk tolerance?
- Do you know how to measure diversification in your portfolio?
- Do you consistently and predictably achieve market returns?
- Have you measured the total amount of commissions and costs in your portfolio?
- Do you know where you fall on the Markowitz Efficient Frontier?
- When it comes to building your investment portfolio, do you know exactly what you are doing and why?
- Are you working with a financial coach, or just a financial planner?
- Do you have a customized lifelong game plan to guide all your investing and spending decisions?
- Do you have an investment policy statement?
- Have you devised a clear-cut method for measuring the success or failure of your portfolio?
- Do you fully understand the implications and applications of diversification in your portfolio?
- Do you have a system to measure portfolio volatility?
- Are you aware of the incentives brokerage firms and the financial community have when selling their products?
- Do you know the three warning signs that you are gambling and speculating with your money instead of prudently investing it?
- Can you identify the cultural messages and personal mindsets about money that destroy your peace of mind?
- Are you ready to shift your personal experience of money and investing from a scarcity mode, to an abundance mode?
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