By Letting It Go, It Gets Done

Yves SchoofBusiness

Many people believe that a successful investment strategy requires active management and constant changing of their portfolio.

However, unlike many other areas in our lives, investment is one area where constant tinkering is not well correlated with success.

Instead, financial science says you are best to direct your investment efforts to things you can control such as:

  • Your own savings rate
  • Proper asset allocation and diversification (i.e. not all cash or property or shares)
  • Minimising fees and taxes
  • Maintaining discipline when markets turn

 

What is not helpful is chasing the best performers or hot stocks and frequently turning over your portfolio, as this typically leads to higher costs and lower long term returns.

I have found two articles on this topic, which I am sure you will enjoy reading.

 

The Tao of Wealth Management

 

From little things big things grow

 

Please feel free to reach out with any questions.

Yves Schoof
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Yves Schoof

Author | Specialist Adviser for Medical Specialists and Surgeons at Affluence Private Wealth
I specialise in managing and coordinating the financial affairs of medical professionals and have been recognised as one of the best financial planners in Australia. I am a Certified Financial Planner and member of the Financial Planning Association of Australia.

As I understand your time is extremely valuable and scarce, I am able to offer flexible meetings times, including outside business hours and during the weekend. I can even come and meet you somewhere convenient, or talk via videoconference on Skype.

My first consultation is free. I allocate up to 90 minutes to discuss your personal circumstances and to establish how I may best assist you. Where you already have an existing adviser, I would be happy to offer a second opinion. I always quote a fixed dollar fee before we start working together.

Please contact me on yves@affluenceprivate.com.au or call me direct on 0432 885 295. You can follow me on Twitter @YvesSchoof or connect with me on LinkedIn to receive new articles.

DISCLAIMER
Yves Schoof and Affluence Private Wealth are Authorised Representatives of Synchron, AFS Licence No. 243313. 

The information posted is intended to be general in nature and is not personal financial product advice. It does not take into account your objectives, financial situation or needs.
Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant financial product having regard to your objectives, financial situation and needs. In particular, you should seek independent financial advice and read the relevant product disclosure statement (PDS) or other offer document prior to making a decision.
Yves Schoof
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