In this episode, Mark tells a story about talking with woman from car dealership. She doesn’t trust the market and doesn’t trust people or financial advisors, but she has a substantial amount of money in cash. She thinks advisors have no transparency or flexibility. Is she on track to meet her goals for retirement? Mark continues the conversation with SMAs, which enhance your ability to be successful with your money and with your planning. Being a professional trader is a strategy, but it doesn’t make you an investor. You should have the mentality that no one position should make or break your portfolio. If you have something that is losing you money, you have to ask what are the consequences if you choose to get rid of that position for the portfolio as a whole.

April 3, 2017