Investment is NOT just entrusting your assets to a financial institution or a financial consultant. It is definitely more than that. Investment is like planning, preparing and going for War. If you made money during the bull market, that’s luck. Otherwise, we all know the consequences.
You may probably know the following, but I just like to summarize for the benefit of doubt for those who are not investment savvy. You ought to know
· Yourself (risk profile)
· Your enemy (investment risk, currency risk, default risk, etc)
· Your terrain (investment choices)
· The weather (global mentality, financial markets)
What most financial adviser(s) do is probably profile your risk into categories you fall into by asking you a set of questions. You may fall into categories like being Very Conservative, Conservative, Moderate, Aggressive or very Aggressive. That’s it.
After which they make a recommendation based ...
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