Jack Bogle died a year ago and I thought I would publish my journal entry about this great man, one of my personal heroes. Many people believe, as I do, that we should have personal and public heroes. People who made a difference not only in our lives but for the lives of our family and friends, and for humanity too. When one of our heroes passes, it’s important to morn, remember and help carry his or her message to the next generation.
You may have read many blogs or heard the vital questions to ask your financial adviser. They range from 5 to 20, 30 questions or more. People mean well but it’s too many questions. I think asking that many questions are a waste of time because financial advisers are paid to keep you calm about your money. And they are incredibly good about answering every question!
Hence, there are two problems, a. you have nothing to in mind to compare, and b. the sheer number of questions is a gold mine for the adviser because they can talk excessively while not provide anything of value.
So I reduced the number of questions to just two. Because
a. I will give you the answers about my portfolio, so you have answers in mind when you talk with your adviser.
b. you can focus on two of the most key details of how your investments are performing compared to the broad stock and bond market returns, and you can begin to monitor your financial adviser to confirm that he or she is looking out for your best interests.
In the final analyses, when it comes to your financial portfolio and you hired a financial adviser, the following two questions could change your relationship for good with both your adviser and your precious savings and investments forever.
Happy New Year!
2020 has a great beginning for me personally and for my portfolio economically. The incredible 2020 beginning is a direct result of 2019 out of the ordinary stock and bond market returns. Who would have predicted a year ago that my Vanguard total bond and the total international bond market would go up 8%!