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Investing Is a House
By Advisor Perspectives
If you’re like me, looking to build a house on your own, then the following should come as no surprise: In order to construct a new home, I first off have to know my strengths—and areas where I need to rely on experts and specialists instead. For instance, I know what I want my home to look like: two floors, an open kitchen, north-facing windows and an oversized deck. But I don’t really know how to go about building it to make this desire a reality. Sure, it’s possible that I might be able to cobble together something livable over many years and many attempts, but the electrical would be shoddy (read: dangerous), the coveted second floor wouldn’t exist and the roof might leak. All things considered, it wouldn’t provide my family with the outcome I have in mind—and so, I’d turn to the experts.
The same holds true when it comes to investing. You might know what you want your portfolio to look like—and what outcomes you want to achieve—but how can your portfolio be designed in a way that helps make these outcomes a reality?
Read more at Advisor Perspectives.
Photo: Public Domain