In this episode, Mark discusses a crucial questions that every investor should ask themselves as it pertains to portfolio investing: Do You Know Where you are Right Now vs. Where You’re Headed? CEOs do it’ athletes do it; in fact, anyone who needs to be able to achieve a certain level of performance in order to achieve a specific goal constantly assesses where they are in relation to where they want to be. This is to ensure that available resources are being utilized optimally at all time. It may seem OK to overshoot the goal, but if resources are being utilized in the wrong way – too inefficiently, too costly, too risky (or not the right kind of risks) – it will likely undermine the long term prospects of achieving it. And, you certainly don’t want to undershoot the goal because that could be disastrous, especially when planning for life's major events, such as retirement.
January 3, 2017