Would
you ever start out on a road trip to a new destination without first
getting some maps or programming your GPS? Imagine how much fun and
fuel efficient that would be. Yeah right!
Investing
can be the same way. An Investment Policy Statement is like a road map
or GPS for your portfolio. It provides you with the details and
navigation needed so you know what’s going to take place and when and
how often your portfolio is rebalanced. Knowing this information ahead
of time can provide a much more efficient way to invest and a peaceful
experience overall.
Check
out this quick video regarding an Investment Policy Statement. This is
a good video to share with your friends if they use emotions to make
investment decisions. Let me know what you think.
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