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| * Your Advisor - If he/she is trying to sell you some product, an ETF, for instance, ask her to jot down (right then) the annual income provided over the last ten years. Your are interested in a growing retirement income. If she won’t or delays, strike 1. ♣ Ask how he measures risk with equities. If she says beta, strike 2. ♣ Ask what the two components of long term return are? They should say yield and growth. Income might be an acceptable answer and maybe capital gains, but your advisor has something to learn. ♣ A possible strike 3 question: Do you have a B.Comm a degree, in other words)? ♣ The strike 3 question: fiduciary duty - will you put in writing that you will put my interests first? You’re out . . . of the office. | * Your Advisor - If he/she is trying to sell you some product, an ETF, for instance, ask her to jot down (right then) the annual income provided over the last ten years. Your are interested in a growing retirement income. If she won’t or delays, strike 1. ♣ Ask how he measures risk with equities. If she says beta, strike 2. ♣ Ask what the two components of long term return are? They should say yield and growth. Income might be an acceptable answer and maybe capital gains, but your advisor has something to learn. ♣ A possible strike 3 question: Do you have a B.Comm a degree, in other words)? ♣ The strike 3 question: fiduciary duty - will you put in writing that you will put my interests first? You’re out . . . of the office. | ||
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| * How many stocks? (Dec 2020) John Maynard Keynes said “A careful selection of a few investments . . .” . In contrast, VEQT, the big Vanguard ETF, has 12,532 stocks. Which would you rather hold, a few quality companies or thousands of mediocre stocks? Do thousands of stocks make things safer? Most of the companies in the Connolly Report list doubled their income in the last decade. Does your retirement income double every ten years? It’s the cash flow that counts. | * How many stocks? (Dec 2020) John Maynard Keynes said “A careful selection of a few investments . . .” . In contrast, VEQT, the big Vanguard ETF, has 12,532 stocks. Which would you rather hold, a few quality companies or thousands of mediocre stocks? Do thousands of stocks make things safer? Most of the companies in the Connolly Report list doubled their income in the last decade. Does your retirement income double every ten years? It’s the cash flow that counts. | ||
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