If you are interested in how you allocate your capital for your future and your family’s future, you will naturally ask questions. You want to know more about how to invest your money. It’s being curious, interested and open-minded. It also means being challenged. Just because you think something is right, it doesn’t mean it is. So being open-minded allows you to reflect on how to make the right decisions, not just the ones that feel right.
If there was a scale of 1 -10 for curiosity and open-mindedness, with 10 being the most and 1 the least, it is possible to be on the scale at 1 but think you are on the scale of 10. In other words, it’s about your perception. How you see things from your point of view. How do you have a better perspective?
Perspective comes from being curious. It helps you identify blind spots, which gives you the chance to make better decisions. It means you ask questions. You search for the truth.
In the world of wealth management, many national wealth managers prefer you not to be curious. They don’t want you to find out whether what they are selling is as good as they say it is!
If you are NOT curious, go to firms like St James Place or Brewin or Rathbones… it’s a long list because they want to sell the hope of outperformance. In the world of computing, they sell vaporware!