FYI: If a financial advisor could just accomplish one thing for clients – help them capture more of the returns that their own investments offer, then he or she has done something extremely worthy and valuable. This requires difficult work though: It’s easier to promise a client that they’ll be able to avoid drawdowns than it is to convince a client why they must learn to tolerate them. Every advisor’s client yearns to be able to say “My guy got me out” at the country club.
Regards,
Ted
http://thereformedbroker.com/2017/12/28/investors-underperforming-their-own-investments-2/
