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re: Judging performance of a financial advisor
Posted on 7/14/20 at 5:50 pm to lsu13lsu
Posted on 7/14/20 at 5:50 pm to lsu13lsu
quote:
ETA: The only way to judge an advisor is to compare them to the market. Doesn't mean S&P 500. It means whatever risk profile you agreed to in the beginning. Slow and Steady doesn't sound like you agreed to S&P 500, Russell 2000 or NASDAQ.
I would agree to an extent but I would judge an advisor by are you consistently on track with meeting your long term goal?
If a plan was set up for you and 6% annual growth more than achieved that goal then what’s the purpose of trying to achieve 12% and taking on extra risk that could jeopardize your future.
Financial planning is not about returns, it’s about risk management.
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