Posts Tagged "mortgage"

What is a Financial Plan?

Posted by Preet on Jul 25, 2007 | 0 comments

I’ve included this in the General section because it is a topic that applies to all knowledge levels.  Why? Well, I’ve found that even the most sophisticated investors lack a financial plan. You can have the most properly diversified portfolio in the world, proper asset allocation and great returns but it doesn’t mean squat if you are not achieving your goals. Why is that? Well, if this sophisticated investor was averaging 1% more per year in his portfolio than everyone else, but was saving $50 a month thinking that his investing prowess will make him/her retire early, but the person who is earning the average return (1% less than the sophisticate)...