By Steve Lowrie, Lowrie Financial
Special to the Financial Independence Hub
We still haven’t finished our list of financial “STOP Doing” tips. In fact, the list may well be endless, given the endless supply of popular financial products and promotions continuously appearing, disappearing and reemerging, each one allegedly new & improved.
It’s no wonder so many individual investors end up with so much excess baggage along the way. This month’s post is dedicated to making sense of all those competing investment “opportunities” with our simple advice: STOP overpacking for your financial journey.
During my years as an adviser, most of my clients have come to me weighed down by the volume and complexity of their overly packed portfolios. They desperately want to lighten the load, but they’re unsure what should be preserved and what can be safely jettisoned.
I’ve generally found three areas to focus on, helping clients lighten up after years of stocking up, keeping up, and/or moving up. Raise your hand if any or all of these traits sound familiar to you:
Stocking up
You’ve been knocking around Bay Street for a while and have accumulated quite a packed portfolio. Continue Reading…