On this episode, Mark talks about:
- Continuation on 2018 predictions
- More cash on the sidelines, but hitting all time highs (dependent on how your portfolio is invested)
- Free advice
- You get what you pay for
- We believe investors do not have enough clarity in their investments
- Do not chase historical returns
- The only benchmark you should focus on is the benchmark of reaching your goals
- Investors will continue to be over diversified
- They are not focusing on the efficiency of their portfolio
- Investors love to pick the benchmark that they think will work best for them
- Article: “time to remind your clients why they won’t beat the DOW this year”
- Setting expectations with their clients for planning and investment terms
- Focus on the plan and the big picture
- Performance expectations from investors
- Short term in nature not long term
- Smart people in the money business are not dumb
- “The stock market is rigged”
- Media is making investing a cost issue instead of a value issue
- Most investors invest in a ray of “hope”
- Investors will continue to have an unrealistic time horizon for their investments
- Less than 15% of five star rated funds only three years later had performed at the same level of a 5 star fund
December 28, 2017