20 Must-Answer Questions For Your Journey Toward Peace of Mind
Most of these questions will deal with issues you have never directly addressed or, or worse yet, didn’t even know existed. Each question has been specifically developed to help you focus on the dangers and opportunities for growth and improvement in your present investment experience.
By using this diagnostic tool, you will begin to see what the real underlying problems are and quantify them so that you can begin to solve them. Most investors do not know what their problems are or how much they could cost them. After completing this, you will have achieved excellent insight into both areas.
ALL GROWTH STARTS WITH THE TURTH.
20 Must-Answer Questions For Your Journey Toward Peace of Mind
1. Have you discovered your True Purpose for Money, that which is more important
than money itself?
2. Are you invested in the market?
3. Do you know how markets work?
4. Have you defined your Investment Philosophy?
5. Have you identified your personal risk tolerance?
6. Do you know how to measure diversification in your portfolio?
7. Do you consistently and predictably achieve market returns?
8. Have you measured the total amount of commissions and costs in your portfolio?
9. Do you know where you fall on the Markowitz Efficient Frontier?
10. When it comes to building your investment portfolio, do you know exactly what
you are doing and why?
11. Are you working with a financial coach versus a financial planner?
12. Do you have a customized lifelong game plan to guide all of your investing and
spending decisions?
13. Do you have an Investment Policy Statement?
14. Have you devised a clear-cut method for measuring the success or failure of your
portfolio?
15. Do you fully understand the implications and applications of diversification in
your portfolio?
16. Do you have a system to measure portfolio volatility?
17. Are you aware of the incentives brokerage firms and the financial community
have when selling commission-based products?
18. Do you know the three warning signs that you are gambling and speculating with
your money versus prudently investing it?
19. Can you identify the cultural messages and personal mind-sets about money that
destroy your peace of mind?
20. Are you ready to shift your personal experience of money and investing from a
scarcity mode to an abundance mode?
When you have achieved the ability to answer yes to all of these questions, you will be on your way to a high level of peace of mind. The goal is to help each of our client learn and understand the answer to each of these questions.
THE TRADITIONAL PLANING MODEL IS BROKEN.
The traditional financial planning model does not help you address these questions in any meaningful way. Instead, financial planning is often used as a device to push product onto investors that, in turn, pay a high commission to the advisor and broker-dealers. In this case, the plan is done more for the benefit of the salesperson versus the peace of mind and well-being of the investor. What is good for the planner and financial institutions, is often at odds with what is best for the investor.
PLANNING IS THE PROBLEM. COACHING IS THE SOLUTION.
Only by fully exploring and customizing, with the aid of a coach, your own personal answers to these questions can you ever expect to successfully alter your experience of investing.
The primary goal of investor coaching is to help the investor solve all of the problems that traditional financial planning creates. Traditional planning causes confusion, complexity, diminished self-confidence, and capability to act. Coaching allows the investor to cut through, simplify, clarify, and experience ever growing levels of personal confidence in the face of changing technology and volatile investment markets.
