When you first need advice, it is easy to become overwhelmed. There are so many terms and acronyms used that make it confusing. In most situations, the advisers make you feel good, so it’s easy to go with the flow.
But as with so many life challenges, the more you dig deeper, the better your understanding becomes. When the sportsperson practices, they do so to get better; in the same way, the more you embrace your finances, the better your decisions and outcomes.
Wherever possible, when you delegate to others, it’s important not to be asleep at the wheel. It’s you that needs to guide your advisers what you expect and how you will measure their success. If you do neither, how can you judge the outcomes?
It’s important to trust who you delegate your money to; it’s also good to like them. But if base your judgements on liking more than trusting, it’s possible the outcomes may not be as you hope.