#8 Don't Take Financial Advice From Strangers
Investment products are sold, not bought. This is a common saying in the investment industry. It's often true and it's one of the main reasons why investors are dissatisfied. Many investments are sold on the basis of short-term performance. After all, who wouldn't want to own a fund that has risen 50% in the last year? Years ago that was a rhetorical question. Now it's not. Navigating the plethora of choices calls for keen eyes on the road ahead, not on the rear view mirror. Many investors have been badly hurt by buying last year's winners. It may be an easy sale for some advisors, but it is a foolish approach to building wealth wisely.
Mawer's Portfolio Managers are not sales people. They are not purveyors of hundreds of fund "products". Portfolio Managers are accredited and licensed to manage your portfolio on a discretionary, fee-for-service basis. They are experts in structuring custom portfolios to fit almost any investor's goals. They will work directly with you and your other professional advisors, including your financial planner, lawyer or accountant, to help you meet your financial goals.
Don't take financial advice from strangers. Develop a long-term relationship with a Mawer Portfolio Manager.
If you would like to learn more about how we manage money, please contact our office toll-free at (888) 549-6248, and ask to speak to a Portfolio Manager, or email us for an information package.