PAY ATTENTION TO THE CULTURE OF THE PEOPLE AND FIRMS YOU INVEST WITH Certified Financial Planner (CFP) Chartered Financial Analyst (CFA) Certified Investment Management Associate (CIMA) Does the advisor: Understand & agree with your objectives? Pay attention to your comfort levels? Have a realistic & workable plan to achieve your goals? Have the same values […]
Action Point
NEVER RISK GETTING CAUGHT SHORT OF CASH
NEVER RISK GETTING CAUGHT SHORT OF CASH Cash is king when you need it Have a stash on hand to meet emergencies & opportunities Watch the related WEALTHTRACK episode.
TAKE A DUO OF BUFFETT BIOGRAPHIES ON VACATION
TAKE A DUO OF BUFFETT BIOGRAPHIES ON VACATION Buffett: The Making of an American Capitalist The Snowball: Warren Buffett and the Business of Life Watch the related WEALTHTRACK episode.
MAKE SOME INVESTMENTS OUTSIDE OF THE COUNTRY
MAKE SOME INVESTMENTS OUTSIDE OF THE COUNTRY All Investors Tend to Have a Home Country Bias U.S. Has Been the Place to Invest for the Last Decade Its Late in the Economic and Market Cycle for U.S. Early in Cycle for Some Countries, Particularly in the Emerging Markets Some Countries Experiencing Economic Turnarounds and Political […]
LATIN AMERICA ECONOMIC EXTREMES
CONSIDER PUTTING A SMALL AMOUNT OF YOUR EMERGING MARKETS ALLOCATION INTO AN ESTABLISHED LATIN AMERICAN FUND. LATIN AMERICA ECONOMIC EXTREMES FAILURES: Venezuela’s economic collapse SUCCESSES: Open market economies: – Chile – Colombia – Peru POTENTIAL TURNAROUND Brazil- attempting serious pension reform ESTABLISHED LATIN AMERICAN STOCK FUND T. Rowe Price Latin American fund (PRLAX) – Bronze […]
MAKE SURE YOU HAVE SOME DEFENSIVE HOLDINGS IN YOUR PORTFOLIO
MAKE SURE YOU HAVE SOME DEFENSIVE HOLDINGS IN YOUR PORTFOLIO Ward’s Choices: Counter-cyclical stocks like utilities and cell tower companies Individual Investors’ Choices: Defensive non-stock assets like cash, Treasury bonds, gold … Watch the related WEALTHTRACK episode.
