Developing a Market Strategy
How do I choose the right market strategy for me? Here are a few ideas:
1) Is the strategy focused almost completely on market gains? (Gains are fun to talk about, but managing market losses is
2) Is the strategy based on your advisor's knowledge or on someone else's opinion? (knowing enough to analyze historical performance and market data is a critical skill set).
3) Is the strategy balanced and diversified? (does the strategy help to decrease volatility and minimize risk in your portfolio).
4) Are the combined fees on the account (management fees, transaction fee and advisor fees) less than 3% of the overall return? (many say they are only paying 1%, this is just their advisor's fee).