Investment costs. They are always more than you think they are. Simple arithmetic shows that the more you pay, the less you get. Wealth coaching helps you have a clearer picture of investment costs.
Investment performance. Very few individuals have any clear strategy for measuring the performance of their portfolio. Without understanding what you are trying to achieve, it is impossible to be clear if you have been successful or not. Wealth coaching will help you understand more about performance measurement, which in turn can improve your decision making
Investment risk. Most individuals tend to summarize their risk as low, medium or high. The reason is that it’s very hard to be precise. However, if you can understand risk a little more deeply, this can change your expected returns. Wealth coaching will help discuss risk from various perspectives, which then helps give clarity allowing your investments to grow much more efficiently over time
Which product. All too often when you take advice, you end up with a new investment, new pension, new ISA, with a new company or new fund. Why? Often advice is geared towards product solutions. Sometimes, doing nothing is the right thing to do. Wealth coaching helps give you more clarity over different types of products which avoids too many changes that are only good for the sellers of products, rather than you, the buyer of products. Wealth advice helps gain a better understanding of products and see through when they add value to you.
Emotional behaviour. There is much research that explains investors make poor decisions because of their emotions and biases. Without a better understanding of these biases, you can continue to make poor and non-optimal decisions. Wealth coaching will help you build a structure that keeps your emotions in check when making decisions.
Everything you want to know about investing….on an index card
Here’s the index card below. It went viral in 2013. Its written by Harold Pollack, a Chicago University professor. He was interviewed and metaphorically mentioned, “that the best [financial] advice for most people would fit on an index card”. Its based in the US but the principles remain the same wherever you live. There is a problem. It’s not the contents, its taking action. So many times in life we know what to do but simply do not follow through. It’s one of the reasons we do what we do is to ensure action is taken. On the back of...
Perhaps the most traditional way of investing into real assets is to buy an investment property. Often investors feel comfortable buying property as its something they can understand. You can visit it. You can touch it. You can also buy other real assets. Art, Classic Cars and Wine are examples. Over the last 10 years, according to Knight Frank, classic cars have risen by 334% Wine is up 192% over 10 years. In the last 12 months, art is up 21%. Last year, a 1956 Aston Martin DBR1, raced by Sterling Moss, was auctioned by RM Sotherby’s for US...
Investment costs. They are always more than you think they are. Simple arithmetic shows that the more you pay, the less you get. Wealth coaching helps you have a clearer picture of investment costs. Investment performance. Very few individuals have any clear strategy for measuring the performance of their portfolio. Without understanding what you are trying to achieve, it is impossible to be clear if you have been successful or not. Wealth coaching will help you understand more about performance measurement, which in turn can improve your decision making Investment risk. Most individuals tend to summarize their risk as low,...
