Do you need the fingers of both hands to count the different investments you have?
Do you own investments that you don’t really understand?
Can you explain why you bought each of your investments?
Do you own investments that you have never changed after buying?
- Do you regularly add new and different types of investments to your portfolio?
Scroll down to listen to the audio for more detail.
Most people either think too much or too little about their investments!— Warren Ingram, Galileo Capital Financial Advisor
It’s no good to have more than five investments in your portfolio.— Warren Ingram, Galileo Capital Financial Advisor
Hedge funds, guaranteed products, structured products… If you don’t understand what you’re invested in you can’t gauge how much risk you’re taking.— Warren Ingram, Galileo Capital Financial Advisor
This article first appeared on 702 : 5 questions you must ask about your investments (and the answers you should get)