On this episode, Mark talks about:
- Show discussing the IPS
- An agreement between the advisor and the investor
- Allows you to put parameters on what investments you own
- Not just risk tolerance, but the policies applicable to the investors portfolio
- Performance expectations
- Why do people buy high and sell low
- Move their money constantly
- Investors don’t have clarity on their expectations
- You have no idea how your portfolio performs when you own mutual funds
- Stop asking the wrong questions!
- Investors always ask what fees are
- Should be asking about buy and sell discipline
- Discussion on Claritology
January 18, 2018