Your wealth manager, financial adviser, stockbroker, private bank, and investment manager each year, each quarter or each month come to you with new investment opportunities. The new opportunities have a great story. You should sell the shares not doing well and take the opportunities to invest in the new ones.
If you follow the logic, and you’ve sold all the poor shares in your portfolio, you should be left with only the good ones. Your portfolio therefore should be outperforming by big margins.
Yet next month, next quarter, next year, you get the same old story. You need to get rid of the poor shares or funds and replace them with new opportunities. And the cycle starts over again.
It’s like Groundhog Day.
Have you ever wondered if something is not right?
If you think Groundhog Day needs to stop, give us a call.