Financial advisor question

Discussion in 'Finance, Investments, and Careers' started by Russ Smith, Jan 9, 2017.

  1. AZCB34

    AZCB34 Registered User

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    What is your investment goal?
     
  2. Russ Smith

    Russ Smith The Original Whizzinator Contributor

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    We have totally different beliefs is the problem. I wanted to be much more aggressive with the money because the market was going along so well it made sense. I did that with my own investments but with our shared investments we were half VERY conservative(a money market believe it or not) and the WF brokerage account.

    It's diversification and I get that but it's hard not to think had I had all that money in my the same stocks I was in, we'd have made MUCH more money. But at a much higher risk of course if the markets had gone the other way.

    I'm just trying to get a balance so we have the safety she wants, without totally giving in on return.
     
  3. AZCB34

    AZCB34 Registered User

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    Don't be part results oriented. The key is to figure out what you are investing the money for (retirement, boat, cabin, etc). Then you establish a time frame to meet that goal.

    That will establish what a target portfolio. That is when you adjust what your personal risk tolerance is and invest accordingly.
     

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